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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northglenn is a seller's market

Buyer's
Market

Difference Since January 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

$477,981

$267/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$11,918(-2.4%)

Key Takeaway

Homes in Northglenn have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in Northglenn was $477,981 in January 2024, down 2.4% from last year, and the median price per square foot was $267.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $315K$459.9K
+46.0%
2 $415K$435K
+4.8%
3 $475K$469.9K
-1.1%
4 $510K$480K
-5.9%
5+ $505K$520K
+3.0%

Summary: Northglenn housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 3%.

Median Sold Price Compared To Nearby Cities

Broomfield
+1.4%
Northglenn
-2.4%
Thornton
-2.4%
Westminster
-2.8%
West Adams
-3.0%

Housing Supply in Northglenn, CO

How many homes are available in Northglenn, CO?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
90100+11.1%

Summary: The Northglenn real estate market had 100 homes for sale in January 2024, a 11.1% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 3343
+30.3%
4 4144
+7.3%
5+ 87
-12.5%

Summary: The Northglenn housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 30.3%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
3234+6.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northglenn, you may be able to get a good deal. 38.2% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in Northglenn in January 2024, up by 6.3% month-over-month. Of the 34 sold homes, 38% were sold under asking, 26% were sold at asking, and 35% 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

Jan 2023Jan 2024CHANGE
43 Days42 Days-2.5%

Summary: Homes in Northglenn had an average of 42 days on market in Jan 2024, down by 2.5% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 34 homes were sold in Northglenn; 47% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 12% 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 26 Days Ago

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