Is North Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, North Hills has remained a Seller's Market.
Housing Prices in North Hills, CA
How much do homes in North Hills, CA cost?
Median Sold Price
$851,000
$486/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in North Hills was $851,000 in March 2024, up 4.4% from last year, and the median price per square foot was $486.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $340K | $950K | +179.4% |
2 Bedrooms | $470K | $500K | +6.4% |
3 Bedrooms | $822.5K | $845K | +2.7% |
4 Bedrooms | $875K | $929.9K | +6.3% |
5+ Bedrooms | $1.0M | $1.0M | -0.5% |
Summary: North Hills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 179.4%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Neighborhoods
Northridge | $933.6K | $1.0M | +8.7% |
North Hills | $815K | $851K | +4.4% |
Van Nuys | $805K | $840K | +4.3% |
Panorama City | $640K | $650K | +1.6% |
Mission Hills | $761K | $762K | 0.1% |
Housing Supply in North Hills, CA
How many homes are available in North Hills, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
77 | 85 | +10.4% |
Summary: The North Hills real estate market had 85 homes for sale in March 2024, a 10.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 34 | 37 | +8.8% |
4 Bedrooms | 25 | 25 | 0.0% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The North Hills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 8.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 26 | +62.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in North Hills in March 2024, up by 62.5% month-over-month. Of the 26 sold homes, 23% were sold under asking, 19% were sold at asking, and 58% were sold over asking.
Days on Market for North Hills, CA
How long does it take to sell a home in North Hills, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 21 Days | -42.6% |
Summary: Homes in North Hills had an average of 21 days on market in Mar 2024, down by 42.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in North Hills; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.