Pango Group

North Hollywood, CA 91606

Single-Family Homes

www.pangogroup.com


North Hollywood, CA 91606

Thu Nov 21 2024
This week the median list price for North Hollywood, CA 91606 is $1,000,000 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has increased to 27. Click here to stay informed with the North Hollywood market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

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.

North Hollywood, CA 91606

Thu Nov 21 2024
This week the median list price for North Hollywood, CA 91606 is $1,000,000 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has increased to 27. Click here to stay informed with the North Hollywood market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

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 North Hollywood market.
Median List Price $1,000,000
Median Price of New Listings $899,000
Per Square Foot $652
Average Days on Market 81
Median Days on Market 56
Price Decreased 30%
Price Increased 4%
Relisted 19%
Inventory 27
Median Rent
Market Action 42
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,524,999 2,755 6,500 - 8,000 sqft 4 3.8 76 2 1 38
$1,199,900 1,686 6,500 - 8,000 sqft 4 3 77 0 1 63
$979,999 1,781 4,500 - 6,500 sqft 3 2 72 0 0 56
$883,995 1,271 6,500 - 8,000 sqft 3 2 77 3 0 35