Pango Group

Northridge, CA

Single-Family Homes

www.pangogroup.com



Northridge, CA

Sun Mar 03 2024
This week the median list price for Northridge, CA is $1,324,250 with the market action index hovering around 60. This is about the same as last month's market action index of 60. Inventory has decreased to 24. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Northridge, CA

Sun Mar 03 2024
This week the median list price for Northridge, CA is $1,324,250 with the market action index hovering around 60. This is about the same as last month's market action index of 60. Inventory has decreased to 24. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Northridge market.
Median List Price $1,324,250
Median Price of New Listings $1,650,000
Per Square Foot $561
Average Days on Market 46
Median Days on Market 14
Price Decreased 29%
Price Increased 0%
Relisted 13%
Inventory 24
Median Rent
Market Action 60
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
$1,987,000 3,264 0.5 - 1 acre 4 4 67 1 0 17
$1,424,999 2,681 0.25 - 0.5 acre 4 3 63 3 3 21
$1,223,442 2,715 8,000 - 10,000 sqft 4 3 64 0 0 14
$990,000 1,782 8,000 - 10,000 sqft 4 2 68 1 1 10