Is Northgate Area, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northgate Area is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Northgate Area has remained a Buyer's Market.

Key Takeaway

Northgate Area is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Northgate Area, CO

How much do homes in Northgate Area, CO cost?

Median Sold Price

$814,500

$217/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$165,500(-16.9%)

Key Takeaway

Homes in Northgate Area have sold for 16.9% less than they did a month ago.

Summary: The median home sold price in Northgate Area was $814,500 in April 2024, down 16.9% from last month, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $580K$531K
-8.4%
4 $999.4K$774.7K
-22.5%
5+ -$894K
N/A

Summary: Northgate Area housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 22.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Flying Horse
-6.7%
Northgate Area
-16.9%
Gleneagle
-17.5%

Housing Supply in Northgate Area, CO

How many homes are available in Northgate Area, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
74137+85.1%

Summary: The Northgate Area real estate market had 137 homes for sale in April 2024, a 85.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 04
+100.0%
3 1121
+90.9%
4 2342
+82.6%
5+ 4070
+75.0%

Summary: The Northgate Area 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 100%, 3 bedroom homes increased by 90.9%, 4 bedroom homes increased by 82.6%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
310+233.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northgate Area, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Northgate Area in April 2024, up by 233.3% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.

Days on Market for Northgate Area, CO

How long does it take to sell a home in Northgate Area, CO?

Average Sale Time

Mar 2024Apr 2024CHANGE
10 Days53 Days+421.6%

Summary: Homes in Northgate Area had an average of 53 days on market in Apr 2024, up by 421.6% compared to last month.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 10 homes were sold in Northgate Area; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% 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 12 Days Ago

Newest Listings in Northgate Area, CO

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