Thursday, September 18, 2025 / by Vic Markarian
You Might Be Sitting on More Home Equity Than You Think
You Might Be Sitting on More Home Equity Than You Think
Have you ever wondered how much your home is really worth today?
If you’ve been in your house for a while, it might surprise you to learn just how much equity you’ve built up - without even realizing it. And if you’re thinking of selling, this could be your moment to turn that hidden value into your next big move.
Let’s break down what that means for you.
What Exactly Is Home Equity?
Home equity is the difference between your home’s current market value and what you still owe on your mortgage. For example:
- If your home is worth $700,000 and you owe $300,000, you have $400,000 in equity.
- That’s real, usable wealth you’ve built just by owning your home.
And according to CoreLogic, the average homeowner with a mortgage currently has around $302,000 in equity - but if you’re in a high-demand market like Glendale, Burbank, or La Crescenta, it could be even higher.
Why Your Equity May Be Higher Than You Think
Two major trends have helped homeowners like you build up serious equity over the past several years:
1. Home Prices Have Soared Nationwide
Even if prices in your neighborhood have stabilized recently, home values have grown significantly over the long term.
According to the Federal Housing Finance Agency, the national average increase in home values over the last five years is nearly 54%.
In Los Angeles County, the numbers are even stronger - especially in desirable areas where inventory is low and demand remains high.
2. People Are Staying in Their Homes Longer
Data from the National Association of Realtors shows the average homeowner now stays in their home for 10 years. That’s much longer than in the past.
And over that time, your home has likely appreciated while you’ve also been paying down your loan.
According to NAR:
“Over the past decade, the typical homeowner has accumulated $201,600 in wealth solely from price appreciation.”
What Can You Do With That Equity?
Your equity isn’t just a number - it’s a tool you can use to shape your next chapter. Here’s how:
- Upgrade or downsize: Use your equity as a down payment on your next home - and in some cases, even buy all-cash.
- Make strategic renovations: Turn your current home into your dream home while boosting its future resale value.
- Pay off debt or start a business: Use the equity to invest in your long-term goals or financial freedom.
Why This Matters If You're Considering Selling
If you’ve been wondering whether now is the right time to sell, your equity could be the key to unlocking new possibilities. Whether you want to move closer to family, lower your monthly expenses, or cash in while demand is still strong - this is the moment to evaluate your options.
Bottom Line
You may be sitting on a significant amount of wealth - and not even know it.
If you're curious how much equity you’ve built and what that could mean for your next move, let’s connect. I’ll prepare a Professional Home Equity Assessment tailored to your property and your goals.
Call 818-860-7386 today and let’s see what your home is really worth.
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