Welcome to the Tujunga Zip Code 91042 Real Estate Market Update for the past 30 days as of July 8, 2023. In this update, we will delve into the current state of the market, exploring key statistics and trends that indicate the direction of the housing market in Tujunga.

Inventory and Pricing:
Currently, there are 14 homes available for sale in Tujunga Zip Code 91042. With a median list price of $1,142,500, these properties represent a range of opportunities for potential buyers. The average price per square foot for these homes is $780, indicating the value buyers can expect in this area.

Closed Sales:
Over the past 30 days, Tujunga Zip Code 91042 has seen a total of 10 homes sold. This figure highlights fewer closed sales compared to the available inventory. Despite this, the median sale price for these closed homes stands at $950,500, showcasing the market's resilience and stability.

Market Trends and Predictions:
The relatively low number of closed sales in the past month suggests a lack of inventory, meaning there are fewer options for buyers to choose from. This scarcity of available homes typically leads to increased competition among buyers, driving up prices in the process.

Considering the median sale price of $950,500 and the current median list price of $1,142,500, it appears that Tujunga is poised for another rise in home values when next month's closings are posted. The data indicates a trend of increasing property values, making it an advantageous time for sellers in the area.

Furthermore, the average market time of 30 days demonstrates that homes are not staying on the market for an extended period. This can be attributed to the high demand for properties in Tujunga, as buyers are eager to secure homes in this desirable location.

Conclusion:
In conclusion, the Tujunga Zip Code 91042 Real Estate Market has shown promising indicators for the past 30 days. With a limited inventory of 14 homes for sale, buyers should act swiftly to secure a property in this highly sought-after area. The median sale price of $950,500 and the average market time of 30 days suggest that home values will likely continue to rise in the coming months. Whether you are a buyer or seller, staying informed and working with a knowledgeable real estate professional to successfully navigate the dynamic Tujunga housing market is essential.

Check out those 10 closed sales