Riders In Real Estate

Northridge, CA 91324

Single-Family Homes

818-209-8180 | agent@ridersinrealestate.com



Northridge, CA 91324

Fri Nov 15 2019
This week the median list price for Northridge, CA 91324 is $859,500 with the market action index hovering around 51. This is less than last month's market action index of 58. Inventory has held steady at or around 24. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 Nov 15 2019
This week the median list price for Northridge, CA 91324 is $859,500 with the market action index hovering around 51. This is less than last month's market action index of 58. Inventory has held steady at or around 24. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $859,500
Per Square Foot $355
Days on Market 64
Price Decreased 46%
Price Increased 0%
Relisted 8%
Inventory 24
Median Rent $3,700
Most Expensive $1,449,000
Least Expensive $599,990
Market Action 51
Strong Seller's Market

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
$1,274,999 4,315 0.25 - 0.5 acre 5 3 46 1 0 46
$941,944 2,583 0.25 - 0.5 acre 4 2 59 1 1 79
$782,445 2,597 8,000 - 10,000 sqft 4 2 46 1 0 65
$649,656 1,725 6,500 - 8,000 sqft 3 3 30 1 1 65