Pango Group
North Hills, CA
Single-Family Homes
www.pangogroup.com
North Hills, CA
Tue Dec 03 2024
This week the median list price for North Hills, CA is $1,020,000 with the market action index hovering around 50. This is an increase over last month's market action index of 47. Inventory has decreased to 23.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $1,020,000 | |
| Median Price of New Listings | $966,500 | |
| Per Square Foot | $568 | |
| Average Days on Market | 87 | |
| Median Days on Market | 56 | |
| Price Decreased | 48% | |
| Price Increased | 4% | |
| Relisted | 13% | |
| Inventory | 23 | |
| Median Rent | ||
| Market Action | 50 | |
| Strong Seller's Market | ||
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,449,400 | 2,900 | 0.5 - 1 acre | 5 | 3.5 | 63 | 1 | 2 | 42 |
| $1,164,500 | 1,934 | 6,500 - 8,000 sqft | 4 | 2 | 64 | 0 | 1 | 101 |
| $944,500 | 1,526 | 8,000 - 10,000 sqft | 3 | 2 | 66 | 2 | 2 | 45 |
| $866,000 | 1,780 | 8,000 - 10,000 sqft | 3 | 2.3 | 65 | 1 | 1 | 73 |