Is Northridge, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Northridge has remained a Seller's Market.
Key Takeaway
Northridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northridge, CO
How much do homes in Northridge, CO cost?
Median Sold Price
$715,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northridge have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Northridge was $715,000 in April 2024, down 2.7% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $295K | -3.3% |
| 2 Bedrooms | $557.4K | $512K | -8.2% |
| 3 Bedrooms | $618.5K | $630K | +1.9% |
| 4 Bedrooms | $745K | $730K | -2.0% |
| 5+ Bedrooms | $911.2K | $980K | +7.5% |
Summary: Northridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Impressions | $632.5K | $644.9K | +2.0% |
| Northridge | $735K | $715K | -2.7% |
Housing Supply in Northridge, CO
How many homes are available in Northridge, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 85 | +49.1% |
Summary: The Northridge real estate market had 85 homes for sale in April 2024, a 49.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 16 | 23 | +43.8% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 21 | 35 | +66.7% |
Summary: The Northridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 43.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 27 | +125.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northridge, you could pay more than the asking price. 40.7% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Northridge in April 2024, up by 125.0% month-over-month. Of the 27 sold homes, 33% were sold under asking, 26% were sold at asking, and 41% were sold over asking.
Days on Market for Northridge, CO
How long does it take to sell a home in Northridge, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 14 Days | +8.9% |
Summary: Homes in Northridge had an average of 14 days on market in Apr 2024, up by 8.9% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northridge are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in Northridge; 89% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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