Riders In Real Estate

Northridge, CA 91324

Single-Family Homes

818-209-8180 | agent@ridersinrealestate.com



Northridge, CA 91324

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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 91324

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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 $779,000
Per Square Foot $338
Days on Market 73
Price Decreased 30%
Price Increased 0%
Relisted 4%
Inventory 27
Median House Rent $4,323
Most Expensive $1,699,000
Least Expensive $437,000
Market Action Index
Slight Seller's Advantage
42

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
$1,190,000 3,347 0.25 - 0.5 acre 5 3 52 0 0 81
$795,000 2,436 0.25 - 0.5 acre 4 1 53 1 2 93
$659,950 2,118 6,500 - 8,000 sqft 3 1 58 2 0 65
$585,000 1,493 6,500 - 8,000 sqft 3 1 59 4 2 54