Is Northglenn, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Northglenn has remained a Seller's Market.
Key Takeaway
Northglenn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northglenn, CO
How much do homes in Northglenn, CO cost?
Median Sold Price
$479,996
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northglenn have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Northglenn was $479,996 in March 2024, down 1.1% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $459.9K | +46.0% |
| 2 Bedrooms | $420K | $435K | +3.6% |
| 3 Bedrooms | $475K | $470K | -1.1% |
| 4 Bedrooms | $504K | $490K | -2.8% |
| 5+ Bedrooms | $500K | $525K | +5.0% |
Summary: Northglenn housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Broomfield | $609.1K | $615.4K | +1.0% |
| Thornton | $534.9K | $535.1K | 0.0% |
| West Adams | $495.2K | $490.3K | -1.0% |
| Northglenn | $485.3K | $479.9K | -1.1% |
| Westminster | $531.3K | $525K | -1.2% |
Housing Supply in Northglenn, CO
How many homes are available in Northglenn, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 106 | 142 | +34.0% |
Summary: The Northglenn real estate market had 142 homes for sale in March 2024, a 34.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 12 | +140.0% |
| 3 Bedrooms | 45 | 68 | +51.1% |
| 4 Bedrooms | 40 | 39 | -2.5% |
| 5+ Bedrooms | 16 | 23 | +43.8% |
Summary: The Northglenn housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 140%, 3 bedroom homes increased by 51.1%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 43.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 39 | +11.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northglenn, you could pay more than the asking price. 41% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Northglenn in March 2024, up by 11.4% month-over-month. Of the 39 sold homes, 26% were sold under asking, 33% were sold at asking, and 41% were sold over asking.
Days on Market for Northglenn, CO
How long does it take to sell a home in Northglenn, CO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 32 Days | -19.0% |
Summary: Homes in Northglenn had an average of 32 days on market in Mar 2024, down by 19% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northglenn are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 39 homes were sold in Northglenn; 64% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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