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. 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

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.

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. 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

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

Never miss important changes in the Northridge market.
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