The latest real estate data for Santa Clarita is in, and whether you’re buying or selling, understanding the market trends can help you make informed decisions. As we kick off 2025, the local housing market continues to show strength, with a few key indicators that could impact your next move.

Home Prices Are on the Rise

One of the most notable trends in the Santa Clarita real estate market is the increase in median sales price, up 4% year-over-year. This growth is particularly reflected in condos, which have been a strong driving force behind this appreciation. If you are a seller, this is great news—home values continue to hold steady, and properties are selling at competitive prices.

Inventory Levels and Market Conditions

Currently, Santa Clarita has four months of housing inventory. This means that while the market is still favoring sellers, it is beginning to balance out. To shift to a true buyer’s market, we would need approximately six months of inventory. However, buyers are starting to see more options, which could lead to a more competitive landscape in the coming months.

Homes Are Taking Longer to Sell

Another trend in the local real estate market is the increase in average days on market, now at 53 days. While homes are taking longer to sell compared to previous months, sellers are still getting solid value for their properties. This shift means that pricing correctly and strong marketing strategies are more important than ever.

Are Buyers Waiting Longer?

A key factor influencing the market is the growing number of young adults who are still living at home and waiting to buy. Whether due to financial considerations, high mortgage rates, or personal preference, many first-time buyers are delaying homeownership. However, with inventory increasing and sellers becoming more flexible, this could be the perfect time for buyers to enter the market and take advantage of available opportunities.

What Does This Mean for You?
  • If you are a seller, your home is still in demand, but pricing strategically and ensuring your home is well-prepared for showings is essential.
  • If you are a buyer, the market is shifting, giving you more choices and potential negotiation opportunities as inventory grows.

As Santa Clarita’s real estate market continues to evolve, staying informed is key. Whether you’re thinking about buying, selling, or simply want to discuss your options, I’m here to help. Contact me today to learn more about how these trends impact your real estate goals.

Jessica Ranuschio | Home661 | Prime Real Estate
Your Local Santa Clarita Real Estate Expert