Pango Group

Simi Valley, CA

Single-Family Homes

www.pangogroup.com



Simi Valley, CA

Sun Oct 06 2024
This week the median list price for Simi Valley, CA is $999,000 with the market action index hovering around 57. This is less than last month's market action index of 59. Inventory has decreased to 110. Click here to stay informed with the Simi Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Simi Valley, CA

Sun Oct 06 2024
This week the median list price for Simi Valley, CA is $999,000 with the market action index hovering around 57. This is less than last month's market action index of 59. Inventory has decreased to 110. Click here to stay informed with the Simi Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Simi Valley market.
Median List Price $999,000
Median Price of New Listings $877,400
Per Square Foot $483
Average Days on Market 52
Median Days on Market 28
Price Decreased 33%
Price Increased 4%
Relisted 6%
Inventory 110
Median Rent
Market Action 57
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change 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
$1,745,000 3,787 0.25 - 0.5 acre 5 3.5 24 5 6 42
$1,150,000 2,606 8,000 - 10,000 sqft 4 3 40 2 1 63
$928,475 1,890 6,500 - 8,000 sqft 4 2 51 4 5 17
$794,500 1,409 6,500 - 8,000 sqft 3 2 60 11 12 10