Housing Market Snapshot – May 2025: Burbank, Glendale, La Crescenta, Sunland-Tujunga, Van Nuys, and Northridge
Housing Market Snapshot – May 2025
Burbank, Glendale, La Crescenta, Sunland-Tujunga, Van Nuys, and Northridge
Burbank
Single-Family Homes
- Median Price: $1.39M (-0.9% YoY)
- Inventory: +66.7% increase from last year
- Days on Market: ~14 days
- Homes often sold at or above asking price
Condos & Townhomes
- Median Price: ~$700K–$750K (flat YoY)
- Increased inventory with slower sales pace
Glendale
Single-Family Homes
- Median Price: $2.15M (+49% YoY)
- Low inventory with quick sales (~23 days)
- Many homes sold above asking price
Condos & Townhomes
- Median Price: ~$770K–$800K (slightly down YoY)
- More inventory, giving buyers negotiating power
La Crescenta (Montrose)
Single-Family Homes
- Median Price: ~$1.3M (+3–4% YoY)
- Extremely limited inventory
- Rapid sales within 2–3 weeks
Condos & Townhomes
- Median Price: $600K–$700K
- Limited availability, quick sales
Sunland-Tujunga
Single-Family Homes
- Median Price: ~$870K–$880K (stable)
- Significantly improved inventory
- Average sales time increased (40–45 days)
Condos & Townhomes
- Median Price: ~$480K–$500K
- Stable prices with slightly slower sales
Van Nuys
Single-Family Homes
- Median Price: ~$800K (-3% YoY)
- Higher inventory, moving towards balance
- Longer market time (~46 days)
Condos & Townhomes
- Median Price: ~$450K–$500K
- Increasing inventory, extended sale times (~40 days)
Northridge
Single-Family Homes
- Median Price: ~$1.03M (stable YoY)
- Increasing inventory, slightly longer market times (~30 days)
Condos & Townhomes
- Median Price: ~$550K–$600K
- High inventory, buyer-favorable market (~50–55 days on market)
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