Pango Group

Northridge, CA

Single-Family Homes

www.pangogroup.com



Northridge, CA

Sun Jul 14 2024
This week the median list price for Northridge, CA is $1,375,000 with the market action index hovering around 64. This is less than last month's market action index of 68. Inventory has decreased to 31. Click here to stay informed with the Northridge market!

Market Action Index

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Northridge, CA

Sun Jul 14 2024
This week the median list price for Northridge, CA is $1,375,000 with the market action index hovering around 64. This is less than last month's market action index of 68. Inventory has decreased to 31. Click here to stay informed with the Northridge market!

Market Action Index

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Northridge market.
Median List Price $1,375,000
Median Price of New Listings $1,442,500
Per Square Foot $555
Average Days on Market 51
Median Days on Market 28
Price Decreased 29%
Price Increased 3%
Relisted 3%
Inventory 31
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
$2,160,000 4,858 0.5 - 1 acre 4 5 75 2 0 35
$1,549,499 2,912 0.25 - 0.5 acre 4 3.5 65 4 1 17
$1,250,000 1,852 0.25 - 0.5 acre 3 3 69 1 1 31
$975,000 1,708 6,500 - 8,000 sqft 4 3 65 3 3 17