Is Northglenn, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northglenn is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Northglenn has remained a Seller's Market.

Key Takeaway

Northglenn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northglenn, CO

How much do homes in Northglenn, CO cost?

Median Sold Price

$490,000

$270/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,025(+2.1%)

Key Takeaway

Homes in Northglenn have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Northglenn was $490,000 in May 2024, up 2.1% from last year, and the median price per square foot was $270.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $315K-
N/A
2 $430K$435K
+1.2%
3 $471.5K$479.7K
+1.8%
4 $507K$505.2K
-0.4%
5+ $470K$529.5K
+12.7%

Summary: Northglenn 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 1.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 12.7%.

Median Sold Price Compared To Nearby Cities

Northglenn
+2.1%
Broomfield
+2.1%
Westminster
+1.2%
West Adams
+0.9%
Thornton
0.1%

Housing Supply in Northglenn, CO

How many homes are available in Northglenn, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
116141+21.6%

Summary: The Northglenn real estate market had 141 homes for sale in May 2024, a 21.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1515
0.0%
3 4757
+21.3%
4 4052
+30.0%
5+ 1417
+21.4%

Summary: The Northglenn 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 increased by 21.3%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 21.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3548+37.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northglenn, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in Northglenn in May 2024, up by 37.1% month-over-month. Of the 48 sold homes, 27% were sold under asking, 23% were sold at asking, and 50% were sold over asking.

Days on Market for Northglenn, CO

How long does it take to sell a home in Northglenn, CO?

Average Sale Time

May 2023May 2024CHANGE
6 Days18 Days+171.1%

Summary: Homes in Northglenn had an average of 18 days on market in May 2024, up by 171.1% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northglenn are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 48 homes were sold in Northglenn; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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