Riders In Real Estate

Northridge, CA 91324

Single-Family Homes

818-209-8180 | agent@ridersinrealestate.com



Northridge, CA 91324

Tue Mar 26 2019
This week the median list price for Northridge, CA 91324 is $705,000 with the market action index hovering around 49. This is an increase over last month's market action index of 45. Inventory has held steady at or around 17. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Northridge, CA 91324

Tue Mar 26 2019
This week the median list price for Northridge, CA 91324 is $705,000 with the market action index hovering around 49. This is an increase over last month's market action index of 45. Inventory has held steady at or around 17. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Northridge market.
Median List Price $705,000
Per Square Foot $322
Days on Market 101
Price Decreased 35%
Price Increased 6%
Relisted 12%
Inventory 17
Median House Rent $3,173
Most Expensive $1,649,000
Least Expensive $539,999
Market Action Index
Strong Seller's Market
49

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,412,500 5,398 0.25 - 0.5 acre 5 4 37 0 0 140
$784,950 2,444 0.25 - 0.5 acre 4 1 55 0 1 82
$644,994 2,039 6,500 - 8,000 sqft 3 1 57 0 2 87
$575,000 1,523 6,500 - 8,000 sqft 3 1 59 1 2 96