$10,000 Closing Credit*
$1,144,000
1,944 SqFt
4 Beds
•2 Full Baths
Vera Nelson, Listing Office: Hythe Realty, Inc
Is Northridge, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$1,100,000
$518/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$160,000(+17.0%)
Key Takeaway
Homes in Northridge have sold for 17% more than they did a year ago.
Summary: The median home sold price in Northridge was $1,100,000 in October 2024, up 17% from last year, and the median price per square foot was $518.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $374K | N/A |
| 2 Bedrooms | $592K | $646K | +9.1% |
| 3 Bedrooms | $850K | $907.5K | +6.8% |
| 4 Bedrooms | $1.0M | $1.2M | +19.0% |
| 5+ Bedrooms | $1.3M | $1.4M | +11.4% |
Summary: Northridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 11.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Northridge | $940K | $1.1M | +17.0% |
| Chatsworth | $931K | $1.0M | +16.5% |
| Granada Hills | $935K | $998.3K | +6.8% |
| Porter Ranch | $1.1M | $1.1M | +6.5% |
| North Hills | $819K | $843.3K | +3.0% |
Housing Supply in Northridge, CA
How many homes are available in Northridge, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 111 | 135 | +21.6% |
Summary: The Northridge real estate market had 135 homes for sale in October 2024, a 21.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 24 | +14.3% |
| 3 Bedrooms | 34 | 46 | +35.3% |
| 4 Bedrooms | 34 | 33 | -2.9% |
| 5+ Bedrooms | 22 | 32 | +45.5% |
Summary: The Northridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 35.3%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northridge, you could pay more than the asking price. 39.3% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Northridge in October 2024, up by 27.3% month-over-month. Of the 28 sold homes, 32% were sold under asking, 29% were sold at asking, and 39% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 30 Days | +1.7% |
Summary: Homes in Northridge had an average of 30 days on market in Oct 2024, up by 1.7% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northridge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in Northridge; 89% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% 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.