Is Niwot, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Niwot has remained a Seller's Market.
Key Takeaway
Niwot is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Niwot, CO
How much do homes in Niwot, CO cost?
Median Sold Price
$1,027,500
$382/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Niwot have sold for 8.7% less than they did a year ago.
Summary: The median home sold price in Niwot was $1,027,500 in November 2023, down 8.7% from last year, and the median price per square foot was $382.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $264K | $263.5K | -0.2% |
| 2 Bedrooms | $357K | $401K | +12.3% |
| 3 Bedrooms | $827.5K | $865K | +4.5% |
| 4 Bedrooms | $1.1M | $1.0M | -10.8% |
| 5+ Bedrooms | $2.3M | $2.3M | +0.8% |
Summary: Niwot housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 0.8%.
Housing Supply in Niwot, CO
How many homes are available in Niwot, CO?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The Niwot real estate market had 22 homes for sale in November 2023, a 4.3% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 10 | 6 | -40.0% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Niwot housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Niwot, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Niwot in November 2023, up by 16.7% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Niwot, CO
How long does it take to sell a home in Niwot, CO?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 59 Days | 54 Days | -8.5% |
Summary: Homes in Niwot had an average of 54 days on market in Nov 2023, down by 8.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Niwot are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 7 homes were sold in Niwot; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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