Saugus, CA Real Estate Market: A Comprehensive Look at the Latest Statistics

by Alberto Gutierrez

Tucked into the heart of Santa Clarita, Saugus, CA is a community that blends suburban comfort with dynamic growth. But what’s really going on in the local real estate market? Let’s take a deep dive into the latest statistics, exploring everything from home prices and inventory to rental trends, buyer activity, and neighborhood highlights. Whether you’re considering a move, thinking of selling, or just curious, this in-depth look will give you a clear picture of Saugus’s real estate landscape.

Market Overview: Saugus by the Numbers

Saugus’s real estate market is bustling, with steady demand and noteworthy movement. Here’s a snapshot of the most recent monthly data:

Median Home Price: $775,000 (up 2.5% from last month)
Average Days on Market: 23 days (down from 29 days last month)
Active Listings: 88 properties (a 6% decrease from the previous month, showing tightening inventory)
Closed Sales: 34 homes
Price Per Square Foot: $435 (up from $422 last month)

Homes are selling faster, and prices are inching upwards—a sign of healthy demand and limited supply.

Property Types: Options for Every Buyer

Saugus offers a range of housing options, from spacious single-family homes to townhomes and condos. Here’s how the stats break down:

Single-Family Homes: Median price $805,000, average size 2,100 sq ft
Condos/Townhomes: Median price $510,000, average size 1,200 sq ft
New Construction: 7% of active listings, featuring modern amenities and energy-efficient designs

While single-family homes dominate the landscape, condos and townhomes are appealing to first-time buyers and those looking for lower-maintenance living.

What’s Fueling the Market?

Several factors are shaping Saugus’s real estate dynamics:

Low Inventory: With fewer homes on the market, competition is strong. Many listings receive multiple offers, and 55% of homes sold above asking price last month.
Desirable Schools: Saugus Union School District’s high ratings draw families from across the region.
Location Perks: Easy access to shopping, parks, and major highways makes Saugus a convenient and attractive place to live.
Interest Rates: Mortgage rates have stabilized around 6.5%, encouraging buyers to act before rates potentially increase further.

Rental Market Insights

Saugus’s rental market is just as active as its sales market, with strong demand and rising prices:

Median Rent for Single-Family Homes: $3,200/month
Median Rent for Condos/Townhomes: $2,250/month
Rental Vacancy Rate: 3.3% (tight, indicating quick turnovers and high demand)

Rental rates have risen steadily, and the low vacancy rate signals strong returns for landlords and investors.

Who’s Buying and Selling?

The Saugus market attracts a vibrant mix of:

Young Families: Drawn by schools, parks, and safe neighborhoods
First-Time Buyers: Seeking value and community
Investors: Targeting both single-family homes and condos for rental income
Retirees: Downsizing for comfort and convenience

There’s also a noticeable increase in buyers relocating from more expensive LA neighborhoods, seeking a better quality of life and more space for their money.

Multiple Offers and Market Competition

Last month’s market was especially competitive. Over half of homes sold above asking price, with many receiving multiple offers within the first week. This is driven by:

Limited Inventory: Fewer homes available means buyers must act fast
Community Amenities: Saugus offers parks, trails, shopping, and great schools, making it a top choice
High Demand for Schools: Families are willing to pay a premium to secure a spot in top-rated districts

For sellers, this is an ideal time to list. For buyers, preparation is key: pre-approval, flexibility, and swift decision-making can make all the difference.

Investor Activity: Smart Moves

Investors are increasingly active in Saugus, particularly in the condo and townhome markets. Last month saw a rise in all-cash purchases, as investors look to benefit from strong rental demand and appreciation. With low vacancy rates and rising rents, the numbers are compelling for those seeking long-term gains.

Neighborhood Highlights

Saugus is made up of several unique neighborhoods, each with its own appeal:

River Village: Known for newer homes and a family-friendly vibe, with median prices above the city average
Mountain View: Popular with families, offering a range of single-family homes and townhomes
Circle J Ranch: Offers larger lots and a more rural feel, with strong community spirit

No matter the neighborhood, the trend is clear: Saugus remains a highly desirable destination for buyers and investors alike.

Looking Ahead: The Road Forward

Experts predict that Saugus’s real estate market will remain strong in the coming months. With limited inventory, steady demand, and stable interest rates, moderate price appreciation is expected to continue. For buyers, being prepared and acting quickly is crucial. For sellers, the current climate offers an excellent opportunity to achieve top value.

Whether you’re considering a move or simply keeping tabs on the market, staying informed on these statistics is your best strategy. Saugus’s story is one of growth, opportunity, and community—a place where the numbers truly add up to a wonderful lifestyle.