Is Northridge, 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, Northridge has remained a Seller's Market.
Key Takeaway
Northridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northridge, CA
How much do homes in Northridge, CA cost?
Median Sold Price
$1,015,000
$500/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northridge have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Northridge was $1,015,000 in March 2024, up 8.7% from last year, and the median price per square foot was $500.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $605K | $620K | +2.5% |
| 3 Bedrooms | $850K | $885K | +4.1% |
| 4 Bedrooms | $1.0M | $1.1M | +3.1% |
| 5+ Bedrooms | $1.4M | $1.3M | -4.4% |
Summary: Northridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Northridge | $933.6K | $1.0M | +8.7% |
| Chatsworth | $925K | $990K | +7.0% |
| North Hills | $815K | $851K | +4.4% |
| Granada Hills | $931.5K | $957.5K | +2.8% |
| Porter Ranch | $1.1M | $1.1M | +2.3% |
Housing Supply in Northridge, CA
How many homes are available in Northridge, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 77 | 91 | +18.2% |
Summary: The Northridge real estate market had 91 homes for sale in March 2024, a 18.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 28 | 32 | +14.3% |
| 4 Bedrooms | 27 | 33 | +22.2% |
| 5+ Bedrooms | 16 | 21 | +31.3% |
Summary: The Northridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northridge, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Northridge in March 2024, up by 46.7% month-over-month. Of the 22 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.
Days on Market for Northridge, CA
How long does it take to sell a home in Northridge, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 32 Days | -40.4% |
Summary: Homes in Northridge had an average of 32 days on market in Mar 2024, down by 40.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northridge are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in Northridge; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.