As of 2026, the median home price in Simi Valley is about $780,000, up roughly 3.2% from a year ago. Most single-family homes trade between $650,000 and $1.1 million, while condos and townhomes generally run $450,000 to $600,000.
The current median and what it actually means
The Simi Valley median sale price sits near $780,000 as of 2026, an increase of about 3.2% over the prior twelve months. Median means the midpoint: half of homes sold for more, half for less. It is the single most useful number for gauging the market because it is not skewed by a handful of very expensive sales the way an average is.
Price growth has cooled from the double-digit jumps of 2021 and 2022. A 3.2% annual gain is closer to a normal, sustainable pace. With mortgage rates holding in the 6.2% to 6.8% range, buyer purchasing power is the main brake on faster appreciation.
What I tell clients: the median is a starting point, not a price tag for any specific house. A 1,400-square-foot home built in 1968 near Royal Avenue and a 2,600-square-foot home in Wood Ranch can both be 'Simi Valley' and still be $400,000 apart.
Price range by home type
Breaking the market into segments gives you a more honest picture than a single citywide number. Here is how prices generally sort out as of 2026.
| Home Type | Typical Price Range | Notes |
|---|---|---|
| Condo / townhome | $450,000 - $600,000 | HOA dues add $300-$500/mo on average |
| Entry single-family | $650,000 - $780,000 | Often 3 bed / 2 bath, original or lightly updated |
| Move-up single-family | $780,000 - $1,000,000 | Updated kitchens, larger lots, more square footage |
| Premium / Wood Ranch | $1,000,000 - $1,800,000+ | Hillside, newer construction, view lots |
What drives price differences within the city
Square footage and lot size are the biggest levers. Beyond that, condition matters more in 2026 than it did at the peak of the frenzy. Buyers facing a 6.5% rate are less willing to also fund a $60,000 kitchen remodel, so updated homes command a real premium.
Location within Simi Valley plays a part too: proximity to the Metrolink station, the school attendance area, and access to the 118 freeway all show up in price. Newer master-planned pockets such as Wood Ranch and Big Sky carry higher price points because of newer construction and amenities.
Days on market tell you how realistic a list price is. Well-priced, updated homes are still going pending in under two weeks, while overpriced listings sit and eventually reduce.
Inventory and how it affects pricing
Simi Valley is carrying roughly 2.1 months of inventory as of 2026. Anything under about four months is generally considered a seller-leaning market, so supply is still tight, just not as extreme as 2021.
Tight inventory keeps a floor under prices. There are simply not enough listings for buyers to negotiate aggressively on every home. That said, the market is price-sensitive: buyers will pay a fair number but will not chase an inflated one.
How to find what a specific home is worth
A real valuation looks at recent sales of comparable homes within roughly a half-mile, adjusts for square footage, condition, lot, and upgrades, then factors in current days-on-market trends. Automated estimates from national portals can be off by tens of thousands of dollars in either direction.
If you are buying, this is how you avoid overpaying. If you are selling, this is how you avoid leaving money on the table or scaring off buyers with an aggressive list price.
Frequently Asked Questions
What is the median home price in Simi Valley in 2026?
As of 2026, the median home price in Simi Valley is about $780,000, up roughly 3.2% year over year.
How much does a condo cost in Simi Valley?
Condos and townhomes in Simi Valley generally range from $450,000 to $600,000 as of 2026, with HOA dues typically adding $300 to $500 per month.
Are Simi Valley home prices going up or down?
Prices are rising at a moderate pace, about 3.2% over the past year. Growth has slowed from the double-digit gains of 2021-2022 but remains positive due to tight inventory.
Why are some Simi Valley homes so much more expensive?
Square footage, lot size, condition, and location drive price differences. Newer master-planned areas such as Wood Ranch and Big Sky carry higher prices than older neighborhoods.
How much inventory is on the market in Simi Valley?
Simi Valley has roughly 2.1 months of inventory as of 2026, which is still a seller-leaning market since anything under about four months favors sellers.
