Northridge residential real estate market — Jun 2026

Is Northridge a buyer's or seller's market?

As of the latest data, Northridge is a seller's market. There are about 1.3 months of inventory — under 4 months typically favours sellers. Around 10.7% of homes sold above asking, and the typical sale closed at 98.2% of list price.

How much does a home cost in Northridge?

The median sold price for a home in the Northridge neighbourhood is $1.06M, up 5.3% from a year ago. The average sold price is $1.06M. That works out to roughly $508 per square foot.

Are homes in Northridge selling over asking?

10.7% of homes that sold in the Northridge neighbourhood closed above their list price. The typical home sold at 98.2% of asking — just under list. Among the homes that sold over asking, the median premium was +$10k over asking.

How long do homes take to sell in Northridge?

Half of the homes that sold in the Northridge neighbourhood went under contract within about 17 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Northridge?

Median sold prices in the Northridge neighbourhood are up 5.3% year over year, at $1.06M. Currently 26.6% of active listings have cut their asking price at least once, a sign of softening pricing pressure.

Is now a good time to buy or sell in Northridge?

It depends which side you are on. With about 1.3 months of inventory, the Northridge neighbourhood favours sellers. Sellers have leverage, with homes moving in around 17 days and 10.7% selling over asking — buyers should be ready to act quickly and expect competition.

What is the best time of year to sell a home in Northridge?

Across the past two years, sales activity in the Northridge neighbourhood has been strongest in March and quietest in January. In Greater Victoria the spring market — roughly March through June — is typically the busiest selling season, when buyer demand and prices tend to peak, with activity easing over the winter.

How many homes are for sale in Northridge?

As of the latest data there are 5 active home listings in the Northridge neighbourhood. Over the period, 39 new listings came to market and 26 sold, which is about 1.3 months of inventory at the current sales pace.

Do homes in Northridge sell for more than their assessed value?

The typical home in the Northridge neighbourhood sold at 106.0% of its BC-assessed value — about 6% above its BC Assessment. Assessments are set once a year and lag the market, so a ratio above 100% is common when prices are rising.

Directional market benchmarks from Repliers MLS, BC Assessment & VREB — not an appraisal or personalized advice.