Why Late Summer 2025 Is a Strategic Time to Buy a Home in Simi Valley
If you have been watching the Simi Valley real estate market, you may be wondering what’s happening right now. As of early August 2025, the market has some clear trends that make this a prime moment for homebuyers in and around Simi Valley.
1. Current Real Estate Market Snapshot in Simi Valley
Median home sale price in July 2025 was approximately $810,000, down about 7.6 percent year-over-year. Homes are selling in around 58 days, which is 19 days longer than the previous year.
Zillow data shows the average home value is about $848,843, down 1.5 percent year-over-year, with homes going pending in 27 days on average.
In Central Simi Valley, the median sale price was $830,000 in July 2025, a small 1.2 percent dip from last year, with homes selling in about 46 days.
These numbers show the market is cooling slightly—making it a more balanced environment where buyers may find leverage.
2. Mortgage Rates Are Near 10-Month Lows
Bankrate reports the average 30-year fixed mortgage rate in California is 6.57 percent as of August 15, 2025.
Zillow lists a slightly lower rate nationwide of around 6.375 percent for similar loans.
Freddie Mac confirms the 30-year fixed rate recently dropped to 6.58 percent, which is the lowest since October 2024.
That makes now one of the most favorable moments to lock in a mortgage rate in nearly a year.
3. Why This Matters for Homebuyers
Better Pricing and More Options
With median prices softening and homes taking longer to sell, buyers can explore more listings and negotiate more confidently.More Buying Power
Lower mortgage rates reduce your monthly cost. For example, on a $700,000 loan, a 6.58 percent rate results in about $4,430 monthly payments, while a 7 percent rate would add over $100 more per month.Local Market Nuance
Central Simi Valley shows stronger stability than the broader market, which can help buyers understand where neighborhoods have the strongest value or potential for appreciation.
4. What You Can Do in the Next 30 Days
Get Pre‑Approved with The Mortgage Gurus in Simi Valley. Having a pre‑approval letter gives you a competitive edge.
Lock a Rate — with rates at recent lows, locking now helps protect you if they tick up.
Track Listings over 30 Days to spot motivated sellers, especially if homes linger past the 45‑ to 60‑day mark.
Explore Central and East Simi Valley—homes there are selling slightly faster and for steadier prices, offering a mix of opportunity and reliability.
Late summer 2025 offers a rare window for homebuyers in Simi Valley. Slowing price trends, longer days on market, and mortgage rates at a 10-month low create a buyer-friendly environment.
If you are ready to move forward with confidence, The Mortgage Gurus in Simi Valley can help you secure a great rate, understand your budget, and win your next home with ease.