Is The Northwest, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, The Northwest has remained a Seller's Market.
Housing Prices in The Northwest, CA
How much do homes in The Northwest, CA cost?
Median Sold Price
$460,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in The Northwest was $460,000 in May 2024, up 1.1% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $210K | N/A |
2 Bedrooms | $250K | $287.5K | +15.0% |
3 Bedrooms | $409K | $405K | -1.0% |
4 Bedrooms | $505.4K | $520K | +2.9% |
5+ Bedrooms | $617.5K | $646.5K | +4.7% |
Summary: The Northwest housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 4.7%.
Housing Supply in The Northwest, CA
How many homes are available in The Northwest, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 | 65 | +12.1% |
Summary: The The Northwest real estate market had 65 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 23 | 22 | -4.3% |
4 Bedrooms | 25 | 33 | +32.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The The Northwest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 32%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in The Northwest in May 2024, up by 41.7% month-over-month. Of the 17 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% were sold over asking.
Days on Market for The Northwest, CA
How long does it take to sell a home in The Northwest, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 29 Days | -34.4% |
Summary: Homes in The Northwest had an average of 29 days on market in May 2024, down by 34.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in The Northwest; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.