Riders In Real Estate
Northridge, CA 91324
Single-Family Homes
818-209-8180 | agent@ridersinrealestate.com
Northridge, CA 91324
Tue May 21 2019
This week the median list price for Northridge, CA 91324 is $924,994 with the market action index hovering around 51. This is an increase over last month's market action index of 50. Inventory has held steady at or around 28.
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
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 and prices have recently resumed upward pressure.
Real-Time Market Profile
| Median List Price | $924,994 | |
| Per Square Foot | $344 | |
| Days on Market | 58 | |
| Price Decreased | 32% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 28 | |
| Median House Rent | $2,750 | |
| Most Expensive | $1,595,000 | |
| Least Expensive | $585,000 | |
| Market Action Index Strong Seller's Market | 51 |
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,195,000 | 3,911 | 0.25 - 0.5 acre | 5 | 2 | 56 | 0 | 0 | 79 |
| $999,000 | 2,611 | 0.25 - 0.5 acre | 4 | 2 | 58 | 0 | 2 | 22 |
| $799,950 | 2,453 | 0.25 - 0.5 acre | 4 | 1 | 55 | 1 | 1 | 51 |
| $649,000 | 1,954 | 6,500 - 8,000 sqft | 3 | 1 | 61 | 0 | 2 | 83 |