Pango Group
Sylmar, CA 91342
Single-Family Homes
www.pangogroup.com
Sylmar, CA 91342
Thu Oct 24 2024
This week the median list price for Sylmar, CA 91342 is $969,900 with the market action index hovering around 54. This is an increase over last month's market action index of 51. Inventory has decreased to 47.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $969,900 | |
| Median Price of New Listings | $885,000 | |
| Per Square Foot | $518 | |
| Average Days on Market | 64 | |
| Median Days on Market | 28 | |
| Price Decreased | 32% | |
| Price Increased | 0% | |
| Relisted | 6% | |
| Inventory | 47 | |
| Median Rent | ||
| Market Action | 54 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,399,999 | 2,361 | 0.25 - 0.5 acre | 4 | 3 | 50 | 0 | 0 | 42 |
| $1,009,000 | 2,192 | 8,000 - 10,000 sqft | 4 | 3 | 63 | 2 | 0 | 31 |
| $899,000 | 1,843 | 6,500 - 8,000 sqft | 4 | 2.3 | 57 | 2 | 4 | 24 |
| $789,000 | 1,170 | 6,500 - 8,000 sqft | 3 | 1.8 | 57 | 1 | 7 | 28 |