Pango Group

North Hills, CA

Single-Family Homes

www.pangogroup.com



North Hills, CA

Sat Jul 20 2024
This week the median list price for North Hills, CA is $1,049,000 with the market action index hovering around 64. This is less than last month's market action index of 69. Inventory has increased to 29. Click here to stay informed with the North Hills market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

North Hills, CA

Sat Jul 20 2024
This week the median list price for North Hills, CA is $1,049,000 with the market action index hovering around 64. This is less than last month's market action index of 69. Inventory has increased to 29. Click here to stay informed with the North Hills market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the North Hills market.
Median List Price $1,049,000
Median Price of New Listings $911,000
Per Square Foot $548
Average Days on Market 51
Median Days on Market 14
Price Decreased 14%
Price Increased 7%
Relisted 7%
Inventory 29
Median Rent
Market Action 64
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,299,900 1,806 8,000 - 10,000 sqft 3 2 61 0 0 14
$1,150,000 1,806 6,500 - 8,000 sqft 4 3 67 1 0 28
$999,000 1,949 6,500 - 8,000 sqft 3 2 64 2 0 14
$847,500 1,577 6,500 - 8,000 sqft 3 2.3 64 4 1 7