Is The 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, 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
$450,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in The Northwest was $450,000 in April 2024, down 2.2% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $210K | N/A |
2 Bedrooms | $250K | $270K | +8.0% |
3 Bedrooms | $405K | $405K | 0.0% |
4 Bedrooms | $520K | $512K | -1.5% |
5+ Bedrooms | $630K | $602.5K | -4.4% |
Summary: The Northwest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 4.4%.
Housing Supply in The Northwest, CA
How many homes are available in The Northwest, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 58 | 0.0% |
Summary: The The Northwest real estate market had 58 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 22 | 23 | +4.5% |
4 Bedrooms | 24 | 24 | 0.0% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 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 remained the same, 3 bedroom homes increased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in The Northwest in April 2024, down by 26.7% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 39 Days | +52.8% |
Summary: Homes in The Northwest had an average of 39 days on market in Apr 2024, up by 52.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in The Northwest; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.