#SR25039873, Meghan Nyback, Listing Office: Equity Union
Lake Balboa Housing Market Report February 2025•Los Angeles County, California
Housing Prices in Lake Balboa, CA
How much do homes in Lake Balboa, CA cost?
Housing Market Conditions
Is Lake Balboa, CA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lake Balboa is a Seller's Market
Difference Since February 2024
Since last year, Lake Balboa has remained a Seller's Market.
Lake Balboa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Lake Balboa have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Lake Balboa was $879,500 in February 2025, up 1.2% from last year, and the median price per square foot was $593.
Median Sold Price By Neighborhoods
City | Feb 2024 | Feb 2025 | Change YoY |
---|---|---|---|
Northridge | $999.8K | $1.0M | +6.5% |
The San Fernando Valley | $884.9K | $929.2K | +5.0% |
Lake Balboa | $868.8K | $879.5K | +1.2% |
Median Sold Price By Bedrooms
Beds | Feb 2024 | Feb 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $805K | $475K | -41.0% |
22 Bedrooms | $725K | $727.5K | 0.3% |
33 Bedrooms | $852.5K | $875K | +2.6% |
44 Bedrooms | $982.5K | $1.0M | +1.8% |
55+ Bedrooms | $1.2M | $1.6M | +27.0% |
Summary: Lake Balboa housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -41.0%. The home price for 2 bedroom homes increased by 0.3%. The home price for 3 bedroom homes increased by +2.6%. The home price for 4 bedroom homes increased by +1.8%. The home price for 5 bedroom homes increased by +27.0%.
How does Lake Balboa, CA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Lake Balboa, CA
Housing supply in Lake Balboa, CA
How many homes are available in Lake Balboa, CA?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
52Last MonthFeb 2025 | ||
442 months agoJan 2025 | +18.2 % Change MoMJan – Feb |
Summary: The Lake Balboa real estate market had 52 homes for sale in Feb 2025, a 18.2 % increase compared to Jan 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
14Last MonthFeb 2025 | ||
62 months agoJan 2025 | +133.3 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
Beds | Jan 2025 | Feb 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 1 | 2 | +100.0% |
22 Bedrooms | 7 | 8 | +14.3% |
33 Bedrooms | 22 | 25 | +13.6% |
44 Bedrooms | 8 | 10 | +25.0% |
55+ Bedrooms | 6 | 7 | +16.7% |
Summary: Lake Balboa housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +14.3%. The inventory for 3 bedroom homes increased by +13.6%. The inventory for 4 bedroom homes increased by +25.0%. The inventory for 5 bedroom homes increased by +16.7%.
Asking Price vs. Sold Price
How much do homes in Lake Balboa, CA cost?
Over Asking Price7 Homes
At Asking Price4 Homes
Under Asking Price3 Homes
If you're buying a home in Lake Balboa, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Lake Balboa in February 2025, up by 133.3% month-over-month. Of the 14 sold homes, 21% were sold under asking, 29% were sold at asking, and and 50% were sold over asking.
Days on Market for Lake Balboa, CA
How long does it take to sell a home in Lake Balboa, CA?
Breakdown of Home Sale Times
Under 30 Days7 Homes
30 – 90 Days5 Homes
Over 90 Days2 Homes
Many homes in Lake Balboa are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 14 homes were sold in Lake Balboa; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
33 DaysThis YearFeb 2025 | ||
27 Days1 year agoFeb 2024 | +20.5 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Lake Balboa had an average listing age of 33 days in Feb 2025, up by 20.5% compared to the previous year.
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Newest Listings in Lake Balboa, CA
What homes are available in Lake Balboa, CA?
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, for the period 03/01/2023 - 03/01/2025

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 4:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.