- calendar_month October 19, 2024
- folder Absorption Rate
The Porter Ranch real estate market remains active with 81 homes for sale at a median list price of $1,899,000. In the past 30 days, 25 homes have sold, with a median sold price of $1,225,000, reflecting opportunities for buyers to negotiate. The average days on market is just 18 days, signaling a fast moving market, the area continues to attract buyers in search of luxury and value.
What Does This Mean for You?
For buyers, the market is competitive, but not impossible. While list prices are high, the difference in sold prices shows that there’s room for negotiation. Acting quickly is key to securing a property in this fast-paced environment.
For sellers, the short time on market and strong price per square foot suggest this is an opportune time to list. Homes are in demand, and sellers are benefiting from the current market conditions.
If you’re considering buying or selling in Porter Ranch, these trends suggest it’s a great time to make your move. Let’s connect to discuss how you can best navigate the current market!