California

<p>Over the past year, Santa Clarita has witnessed a consistent uptick in the real estate market, marked by steadily <a href="https://www.realtytrac.com/market-trends/santa-clarita-ca/">climbing property values</a>. From May 2023 through April 2024, the average property value rose from about $750,000 to $760,000, displaying a solid growth trajectory. These values are further substantiated by an increase in average sale prices, which in May 2023 started at around $785,000 and remained strong at approximately $780,000 by April 2024. We also see a noteworthy rise in the average sale per square foot value, which increased from $441 in May 2023 to $444 in April 2024.</p>
<div class="sc-fff60b4-0 jzCBoB">
<h3 class="sc-fff60b4-3 bmIvnq">Santa Clarita, CA Real Estate Market Overview</h3>
<div class="sc-d1a0c9c3-0 dNcHVF">
<div class="sc-d1a0c9c3-2 bViONd">
<table class="sc-4b91b296-0 NvpMl">
<thead class="sc-4b91b296-3 QrbDO">
<tr class="sc-4b91b296-1 kcFJPr">
<th class="sc-4b91b296-4 jDLFWw">Zip</th>
<th class="sc-4b91b296-4 jDLFWw">Median Est. Value</th>
<th class="sc-4b91b296-4 jDLFWw">Zip</th>
<th class="sc-4b91b296-4 jDLFWw">Median Est. Value</th>
</tr>
</thead>
<tbody class="sc-4b91b296-2 xbjXs">
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/santa-clarita-ca-91350/">91350</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 779,249</p>
<p class="sc-4b91b296-7 gkIasT">$ 445/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/santa-clarita-ca-91390/">91390</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 984,015</p>
<p class="sc-4b91b296-7 gkIasT">$ 385/sqft</p>
</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
<div class="sc-fff60b4-0 jzCBoB">
<h3 class="sc-fff60b4-3 bmIvnq">Housing Market Summary for Santa Clarita, CA</h3>
<p>As of April 2024, the average property value sits at $760,000 combined with an average sale price of about $780,000, highlighting the market’s health and endurance. The average sale price per square foot also marks its strength at $444. There are 308 homes for sale, with 1,606 sold homes in recent month.</p>
<table class="sc-7568d94b-0 lffsHh">
<thead class="sc-7568d94b-1 fnNaKO">
<tr class="sc-7568d94b-4 fHMrnc">
<th class="sc-7568d94b-2 hTsliE"></th>
<th class="sc-7568d94b-2 hTsliE">May 2023</th>
<th class="sc-7568d94b-2 hTsliE">April 2024</th>
<th class="sc-7568d94b-2 hTsliE">Change</th>
</tr>
</thead>
<tbody class="sc-7568d94b-3 jhbPdf">
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Listing Price</td>
<td class="sc-7568d94b-5 eqHQXK">$750K</td>
<td class="sc-7568d94b-5 eqHQXK">$780K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">4.00%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Sold Price</td>
<td class="sc-7568d94b-5 eqHQXK">$784.7K</td>
<td class="sc-7568d94b-5 eqHQXK">$780K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-0.60%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes For Sale</td>
<td class="sc-7568d94b-5 eqHQXK">228</td>
<td class="sc-7568d94b-5 eqHQXK">308</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">35.09%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes Sold</td>
<td class="sc-7568d94b-5 eqHQXK">1,669</td>
<td class="sc-7568d94b-5 eqHQXK">1,606</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-3.77%</span></td>
</tr>
</tbody>
</table>
</div>
<p>Despite these overall trends of growth in property values, the monthly fluctuations in the number of properties available and sold do not display a definitive pattern. While property values are on the rise, the market activity, in terms of the number of available homes, is less predictable.</p>
<p>As these numbers indicate, the Santa Clarita real estate market has been experiencing a solid improvement in property values, providing homeowners and investors alike with a sense of confidence in their real estate assets.</p>
<h2>Comparative Analysis of Nearby Cities</h2>
<p>Looking at the neighboring cities, we can see that the trends are not uniform across the board:</p>
<ul>
<li>Canyon Country saw a declination in average property value to about $527,000</li>
<li>Valencia’s average value stood substantially higher at $960,000, albeit experiencing a dip from its August 2023 high of approximately $1,099,000.</li>
<li>Newhall’s data suggests potential volatility with inconsistent average values as low as $209,000 during certain months.</li>
<li>Acton depicted a steady climb in property values, going from about $845,000 in May 2023 to $889,000 by April 2024. Finally, Castaic echoed this positive sentiment with a gradual rise from around $825,000 to $860,000 in the same timeframe.</li>
</ul>
<h2>Snapshot of the Real Estate Market in Nearby Cities</h2>
<p>In the nearby cities, the state of the real estate market as of April 2024 shows varying levels of property values and activity. <a href="https://www.realtytrac.com/market-trends/canyon-country-ca/">Canyon Country</a>‘s average property value is the lowest among these cities at about $527,000. However, its average sale price is quite high at $901,000, indicating that buyers may be purchasing premium properties at higher values. Valencia maintains a strong position with an average property value of $960,000, but a slightly lower average sale price of $932,000, revealing a close correlation between listed and sale prices.</p>
<p><a href="https://www.realtytrac.com/market-trends/newhall-ca/">Newhall</a> presents a contrasting scenario with a low property count of 4, but a high average sale price at approximately $985,000, potentially indicating a market with a limited supply of high-value homes. Acton’s market is climbing, marked by an average property value of $889,000 and a steady average sale price around $881,000. Castaic shows solid growth with an average property value of $860,000 and a sale price of around $817,000, underscoring a consistent demand for real estate in the area.</p>


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