Is Northwest, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Northwest has remained a Seller's Market.
Housing Prices in Northwest, CA
How much do homes in Northwest, CA cost?
Median Sold Price
$780,000
$414/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northwest was $780,000 in April 2024, down 0.4% from last year, and the median price per square foot was $414.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $385K | $287K | -25.5% |
2 Bedrooms | $492K | $528.5K | +7.4% |
3 Bedrooms | $747.8K | $759.5K | +1.6% |
4 Bedrooms | $845K | $832.5K | -1.5% |
5+ Bedrooms | $1.1M | $1.0M | -10.1% |
Summary: Northwest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.5%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Neighborhoods
Orchard | $506K | $533.5K | +5.4% |
Northwest | $783K | $780K | -0.4% |
Windsor North River Ridge | $929K | $917.5K | -1.2% |
Housing Supply in Northwest, CA
How many homes are available in Northwest, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 51 | +18.6% |
Summary: The Northwest real estate market had 51 homes for sale in April 2024, a 18.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 24 | 26 | +8.3% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Northwest housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 13 | +85.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Northwest in April 2024, up by 85.7% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.
Days on Market for Northwest, CA
How long does it take to sell a home in Northwest, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 28 Days | -52.1% |
Summary: Homes in Northwest had an average of 28 days on market in Apr 2024, down by 52.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Northwest; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.