• calendar_month October 25, 2022
• folder Absorption Rate

Northridge, CA  home to California State University, Northridge, and the Northridge Fashion Center has a lot to offer when it comes to real estate.

In September 2022 home prices in Northridge, CA were up  10.0% compared to last year according Redfin. Despite rising interest rates buyers still find great value in the large lots that boast large single family homes.

Today we have 82 active single family homes on market at a median list price of $1,082,222 bringing the median list price per sqft to $506. In September 2022 we had 31 homes sold at a median sold price of $995,000 after an average of 16 days on market. This brings the absorption rate for Northridge, CA to 37%. As you know by now being above the 20% needed to indicate a health real estate market Northridge, CA is still a great market to sell or buy in!