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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Niwot is a seller's market

Buyer's
Market

Difference Since April 2023

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

$1,360,000

$378/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$317,063(+30.4%)

Key Takeaway

Homes in Niwot have sold for 30.4% more than they did a year ago.

Summary: The median home sold price in Niwot was $1,360,000 in April 2024, up 30.4% from last year, and the median price per square foot was $378.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $282K-
N/A
2 $355K$401K
+13.0%
3 $792.5K$1.0M
+31.9%
4 $1.0M$1.0M
-2.9%
5+ $2.3M$1.8M
-21.3%

Summary: Niwot 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 13%, 3 bedroom homes increased by 31.9%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 21.3%.

Housing Supply in Niwot, CO

How many homes are available in Niwot, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2027+35.0%

Summary: The Niwot real estate market had 27 homes for sale in April 2024, a 35.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 23
+50.0%
3 33
0.0%
4 45
+25.0%
5+ 1115
+36.4%

Summary: The Niwot housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 36.4%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 8 homes were sold or pending in Niwot in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% 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

Apr 2023Apr 2024CHANGE
76 Days30 Days-59.6%

Summary: Homes in Niwot had an average of 30 days on market in Apr 2024, down by 59.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 8 homes were sold in Niwot; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 Apr 1, 2024

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