Fresh supply hit Granada Hills in September: new listings jumped 50% — the biggest month-over-month increase of any area we track — with 60 homes coming to market. Sellers still commanded 101% of list price on the 28 homes that closed, but estimated property values slipped 3.2% year-over-year, the softest reading of the five areas.
By the numbers
- Median sold price: $957,500 (+9.7% MoM) on 28 closings (+22.2%)
- Supply wave: 60 new listings (+50% MoM), median list price $1,138,900 (+14%)
- Sellers still over asking: 101% sold-to-list ratio (+2.4% MoM)
- Inventory rising: 3.0 months of supply (+19.5% MoM, +28.8% YoY); 102 active listings (+15.9%)
- Slower pace: 25 median days on market, up 47% from August
- Biggest homes, lowest $/sqft: new listings median 1,938 sqft at $556/sqft — the most space per dollar of the five areas
- Estimated values soft: median $990,330 (+0.7% MoM, -3.2% YoY — weakest YoY of the group)
What this means for buyers
This is the most buyer-friendly setup Granada Hills has offered in a while: 50% more new listings, inventory up nearly 29% year-over-year, and the lowest price per square foot of any area in the report. You’re getting the biggest homes (1,938 sqft median) at the cheapest per-foot cost. Well-priced homes still go over asking, so don’t lowball — but you finally have real choices.
What this means for sellers
You can still get 101% of list — but you’re no longer the only game in town. With 60 new competitors and days on market up 47%, pricing ahead of the $957,500 median is a gamble. The sellers winning this month priced to move while demand is still absorbing the new supply.
Compared with the other four areas, Granada Hills is the value play on space: the largest median home size at the lowest $/sqft, paired with the weakest year-over-year estimated values (-3.2%) — opportunity for buyers, a caution flag for sellers banking on appreciation.
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