Riders In Real Estate

Northridge, CA 91324

Single-Family Homes

818-209-8180 | agent@ridersinrealestate.com



Northridge, CA 91324

Sun Jul 21 2019
This week the median list price for Northridge, CA 91324 is $799,500 with the market action index hovering around 50. This is less than last month's market action index of 52. Inventory has held steady at or around 27. Click here to stay informed with the Northridge market!

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

Strong Seller's Market

The market has started cooling and prices have recently plateaued. 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

Sun Jul 21 2019
This week the median list price for Northridge, CA 91324 is $799,500 with the market action index hovering around 50. This is less than last month's market action index of 52. Inventory has held steady at or around 27. Click here to stay informed with the Northridge market!

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

Strong Seller's Market

The market has started cooling and prices have recently plateaued. 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 $799,500
Per Square Foot $344
Days on Market 66
Price Decreased 37%
Price Increased 0%
Relisted 7%
Inventory 27
Median House Rent $3,825
Most Expensive $1,595,000
Least Expensive $525,000
Market Action Index
Strong Seller's Market
50

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$1,027,000 3,288 0.25 - 0.5 acre 4 2 58 0 2 71
$899,900 2,620 0.25 - 0.5 acre 4 2 52 1 1 37
$725,000 2,259 6,500 - 8,000 sqft 4 1 59 0 0 63
$599,000 1,753 6,500 - 8,000 sqft 4 1 59 2 1 94