Riders In Real Estate

Northridge, CA 91324

Single-Family Homes

818-209-8180 | agent@ridersinrealestate.com



Northridge, CA 91324

Fri Sep 20 2019
This week the median list price for Northridge, CA 91324 is $827,500 with the market action index hovering around 55. This is less than last month's market action index of 58. Inventory has held steady at or around 30. 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

The market has started cooling and prices have been flat for several weeks. Since 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.

Northridge, CA 91324

Fri Sep 20 2019
This week the median list price for Northridge, CA 91324 is $827,500 with the market action index hovering around 55. This is less than last month's market action index of 58. Inventory has held steady at or around 30. 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

The market has started cooling and prices have been flat for several weeks. Since 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

Never miss important changes in the Northridge market.
Median List Price $827,500
Per Square Foot $358
Days on Market 47
Price Decreased 43%
Price Increased 0%
Relisted 13%
Inventory 30
Median House Rent $3,200
Most Expensive $1,595,000
Least Expensive $520,000
Market Action Index
Strong Seller's Market
55

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
$1,299,999 3,601 0.25 - 0.5 acre 5 3 50 1 1 53
$879,900 2,484 0.25 - 0.5 acre 4 2 59 2 1 48
$777,495 2,322 0.25 - 0.5 acre 4 2 56 1 3 57
$617,500 1,509 6,500 - 8,000 sqft 3 1 62 1 1 31