Is Northwood, 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, Northwood has remained a Seller's Market.
Key Takeaway
Northwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwood, CA
How much do homes in Northwood, CA cost?
Median Sold Price
$1,320,000
$729/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Northwood has remained the same since last year.
Summary: The median home sold price in Northwood was $1,320,000 in April 2024, up 0.2% from last year, and the median price per square foot was $729.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $503K | $569.5K | +13.2% |
| 2 Bedrooms | $705K | $863K | +22.4% |
| 3 Bedrooms | $1.0M | $1.3M | +24.8% |
| 4 Bedrooms | $1.5M | $1.8M | +15.8% |
| 5+ Bedrooms | $1.7M | $2.1M | +21.6% |
Summary: Northwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 24.8%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 21.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Northwood Point | $1.5M | $1.8M | +19.3% |
| Stonegate | $1.5M | $1.7M | +12.5% |
| Woodbury | $1.3M | $1.3M | +3.2% |
| Northwood | $1.3M | $1.3M | 0.2% |
Housing Supply in Northwood, CA
How many homes are available in Northwood, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 49 | -2.0% |
Summary: The Northwood real estate market had 49 homes for sale in April 2024, a 2.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Northwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 27 | +80.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwood, you could pay more than the asking price. 63% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Northwood in April 2024, up by 80.0% month-over-month. Of the 27 sold homes, 22% were sold under asking, 15% were sold at asking, and 63% were sold over asking.
Days on Market for Northwood, CA
How long does it take to sell a home in Northwood, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 11 Days | -74.1% |
Summary: Homes in Northwood had an average of 11 days on market in Apr 2024, down by 74.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in Northwood; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.