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 September 2023

At the same time last year, Northgate Area was a Seller'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

$752,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$2,000(+0.3%)

Key Takeaway

The sold price of homes in Northgate Area has remained the same since last year.

Summary: The median home sold price in Northgate Area was $752,000 in September 2024, up 0.3% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $455K-
N/A
3 $463.7K$535K
+15.4%
4 $820K$734K
-10.5%
5+ $799.9K$860K
+7.5%

Summary: Northgate Area housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Neighborhoods

Northgate Area
0.3%
Flying Horse
-3.3%

Housing Supply in Northgate Area, CO

How many homes are available in Northgate Area, CO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
157183+16.6%

Summary: The Northgate Area real estate market had 183 homes for sale in September 2024, a 16.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 3340
+21.2%
4 5259
+13.5%
5+ 6878
+14.7%

Summary: The Northgate Area housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 14.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1416+14.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were 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. 62.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Northgate Area in September 2024, up by 14.3% month-over-month. Of the 16 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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

Sep 2023Sep 2024CHANGE
66 Days34 Days-47.2%

Summary: Homes in Northgate Area had an average of 34 days on market in Sep 2024, down by 47.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 September 2024, 16 homes were sold in Northgate Area; 50% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 6% 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 30 Days Ago

Newest Listings in Northgate Area, CO

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