Riders In Real Estate
Northridge, CA 91324
Single-Family Homes
818-209-8180 | agent@ridersinrealestate.com
Northridge, CA 91324
Fri Nov 15 2019
This week the median list price for Northridge, CA 91324 is $859,500 with the market action index hovering around 51. This is less than last month's market action index of 58. Inventory has held steady at or around 24.
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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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
| Median List Price | $859,500 | |
| Per Square Foot | $355 | |
| Days on Market | 64 | |
| Price Decreased | 46% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 24 | |
| Median Rent | $3,700 | |
| Most Expensive | $1,449,000 | |
| Least Expensive | $599,990 | |
| Market Action | 51 | |
| Strong Seller's Market | ||
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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 |
|---|---|---|---|---|---|---|---|---|
| $1,274,999 | 4,315 | 0.25 - 0.5 acre | 5 | 3 | 46 | 1 | 0 | 46 |
| $941,944 | 2,583 | 0.25 - 0.5 acre | 4 | 2 | 59 | 1 | 1 | 79 |
| $782,445 | 2,597 | 8,000 - 10,000 sqft | 4 | 2 | 46 | 1 | 0 | 65 |
| $649,656 | 1,725 | 6,500 - 8,000 sqft | 3 | 3 | 30 | 1 | 1 | 65 |