San Fernando Valley Real Estate Market Update: June 2026
The San Fernando Valley real estate market update for June 2026 shows a valley that's still moving, even as pricing gets more selective. Based on 564 closed MLS sales across the Valley, the median closed price landed at $1,065,000, homes sold in a median of just 20 days, and the median price per square foot rose to $633.95.
However, that headline number hides real variation — from Encino's $2.07 million median down to Panorama City's $737,500 — so the real story is in the city-by-city breakdown below.
If you've been tracking this series, you already know the Valley doesn't move as one market. It moves as a dozen smaller ones stitched together. This San Fernando Valley real estate market update June 2026 report breaks those down so you can make an informed decision whether you're buying, selling, or simply keeping tabs on your home's value.
For broader context, you can also compare this report against the earlier San Fernando Valley market update Q1 2026 to see how pricing, pace, and buyer leverage have shifted throughout the year.
San Fernando Valley Real Estate Market Update: June 2026 at a Glance
Therefore, on the surface this looks like a seller's market — homes selling at full asking price in three weeks. Additionally, more than half of sellers still offered concessions and closed below their original list price, which tells a more nuanced story: pricing accuracy matters more than ever, and overly optimistic original list prices are getting corrected along the way.
What's Driving the San Fernando Valley Median Home Price Right Now
The $1,065,000 median for June reflects a market where single-family homes and attached properties are behaving very differently. Single-family homes alone posted a $1,220,000 median, while condos closed at a $517,500 median and townhomes at $605,000. As a result, buyers priced out of the single-family tier have a meaningfully more affordable entry point in the Valley's condo and townhome segment — often 45–55% less than a comparable single-family home.
The premium tier where most transaction volume remains concentrated.
A more accessible path for first-time and budget-conscious buyers.
Often a middle ground between condo affordability and single-family space.
Furthermore, roughly 6% of single-family sales in June closed above $3 million, concentrated in the Valley's luxury pockets. This continues a trend that's held steady across the San Fernando Valley real estate market all year: the top end of the market remains active even as overall affordability tightens for move-up buyers.
For a month-to-month comparison, the San Fernando Valley market update, April 2026 gives additional context on how the spring market set up this June pricing picture.
City-by-City Breakdown: Where the San Fernando Valley Market Is Hottest
Volume tells you where the demand is. In June, Woodland Hills led the Valley with 98 closed sales at a $1,327,500 median, followed by Sherman Oaks with 62 sales and a $1,710,000 median and Encino with 46 sales and a $2,067,500 median. These three cities alone accounted for more than a third of all closed sales tracked in this report.
On the more accessible end, North Hollywood at an $860,000 median, Reseda at an $820,000 median, and Winnetka at a $790,000 median continue to offer relative affordability compared to the west Valley. Meanwhile, West Hills and Northridge both posted a fast median DOM of just 12 days — among the quickest-moving submarkets in this entire report — signaling especially strong buyer competition in those pockets right now.
| City | Closed Sales | Median Price | Median DOM |
|---|---|---|---|
| Woodland Hills | 98 | $1,327,500 | 20.5 days |
| Sherman Oaks | 62 | $1,710,000 | 22 days |
| Encino | 46 | $2,067,500 | 25.5 days |
| North Hollywood | 39 | $860,000 | 33 days |
| Chatsworth | 34 | $1,032,000 | 21 days |
| Studio City | 32 | $1,789,500 | 25 days |
| Van Nuys | 32 | $915,000 | 14.5 days |
| West Hills | 31 | $1,100,000 | 12 days |
| Calabasas | 27 | $1,978,000 | 28 days |
In contrast, North Hollywood's 33-day median DOM stands out as one of the slower-moving submarkets despite its relative affordability — likely reflecting a wider spread of property condition and buyer expectations in that price band.
Single-Family Homes vs. Condos and Townhomes in June 2026
Single-family homes remain where most of the Valley's transaction volume and price appreciation live, with 443 of June's 564 closed sales falling into that category. However, the condo and townhome segment — 119 combined sales at a $575,000 median — is where first-time and budget-conscious buyers are finding their footing, particularly given current 2026 conforming and jumbo loan limits that make financing more accessible at this price point.
Since single-family inventory in desirable pockets like Encino and Sherman Oaks continues to command a premium, buyers who are flexible on property type often find meaningfully more value — and faster approval — in the attached-home market.
Days on Market and What It Means for Negotiating Power
A median of 20 days on market across the Valley suggests a market that still favors sellers overall. That said, the average DOM of 35.8 days tells a different story once outliers are factored in — a portion of listings, particularly in higher price bands or less centrally located submarkets, are taking considerably longer to close. This local pattern tracks with broader statewide trends reported by the California Association of REALTORS®, which has also flagged a widening gap between headline and average market pace in 2026.
For buyers, this gap between median and average DOM is where opportunity lives. Similarly to what we've seen in the Ventura County real estate market update for June 2026, properties that linger past their first few weeks are often more open to negotiation on price, terms, or concessions — even in a market that looks tight on paper.
That same pace-versus-negotiation pattern also showed up in the San Fernando Valley market update, May 2026, which makes June's concession data even more important to watch.
Seller Concessions: Why More Than Half of SFV Sales Included Them
Perhaps the most telling data point in this San Fernando Valley real estate market update is that 54.6% of June closings included a seller concession, and 57.4% of homes closed below their original list price. Despite a median sale-to-list ratio of 100%, this indicates that many sellers adjusted expectations — whether through a price reduction, closing cost credit, or repair allowance — somewhere between listing and closing.
Consequently, if you're preparing to sell, understanding how concessions affect your net proceeds matters just as much as your list price strategy. You can learn more about how these numbers interact with your bottom line in my post on closing costs 2026 Ventura County, which walks through the same credit and concession dynamics playing out across the San Fernando Valley.
Estimate Your Net ProceedsWhat This Means If You're Buying in the San Fernando Valley
Buyers still need to move quickly in the Valley's most competitive pockets — Northridge and West Hills at a 12-day median DOM leave little room to deliberate. However, the fact that more than half of June's sales included concessions means there's real room to negotiate, especially outside the hottest micro-markets. If you've been debating your timing, my post on should you wait to buy a house in 2026 breaks down the rate and inventory tradeoffs in more depth.
Talk Through Your Buying StrategyWhat This Means If You're Selling in the San Fernando Valley
For sellers, the headline 100% median sale-to-list ratio is encouraging, but the 57.4% below-original-list rate is the number that actually matters for your pricing strategy. Homes priced accurately from day one are closing fast and at full value; homes that start too high are getting corrected mid-process, often through a price drop or concession that could have been avoided with sharper initial pricing.
Get a Pricing Read Before You ListFrequently Asked Questions About the San Fernando Valley Housing Market
What is the median home price in the San Fernando Valley in 2026?
As of June 2026, the median closed price across the San Fernando Valley was $1,065,000, based on 564 MLS closed sales. Single-family homes alone had a higher median of $1,220,000, while condos and townhomes closed at a combined median of $575,000.
How long does it take to sell a home in the San Fernando Valley?
The median days on market in June 2026 was 20 days, though this varies significantly by city — West Hills and Northridge saw homes sell in a median of just 12 days, while North Hollywood took closer to 33 days.
Which San Fernando Valley city has the highest home prices?
Encino led the Valley in June 2026 with a $2,067,500 median closed price, followed by Calabasas at $1,978,000 and Studio City at $1,789,500.
Are sellers offering concessions in the San Fernando Valley market?
Yes. In June 2026, 54.6% of closed transactions included a seller concession, and 57.4% of homes closed below their original list price — indicating sellers are adjusting expectations to close deals.
Is the San Fernando Valley a buyer's or seller's market right now?
It's mixed. The 100% median sale-to-list ratio and fast DOM in top submarkets favor sellers, but the high concession rate gives buyers real negotiating leverage outside the hottest pockets.
What's the difference between single-family and condo prices in the San Fernando Valley?
Single-family homes had a $1,220,000 median in June 2026, compared to $517,500 for condos and $605,000 for townhomes — meaning attached homes offer a significantly more accessible entry point.
Want to Know What These Numbers Mean for Your Specific Home or Search?
Ready to make sense of what these numbers mean for your specific situation? Contact Zac Wasserman at RE/MAX ONE for a personalized read on your neighborhood, or get a home valuation to see what today's market says your property is worth.
Zac Wasserman · REALTOR® · RE/MAX ONE · CA DRE# 02210760 · 805.212.9147
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