Is Northwest Aurora, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest Aurora is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Northwest Aurora has remained a Seller's Market.

Key Takeaway

Northwest Aurora is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northwest Aurora, CO

How much do homes in Northwest Aurora, CO cost?

Median Sold Price

$420,000

$337/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$31,875(-7.1%)

Key Takeaway

Homes in Northwest Aurora have sold for 7.1% less than they did a year ago.

Summary: The median home sold price in Northwest Aurora was $420,000 in March 2024, down 7.1% from last year, and the median price per square foot was $337.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $325K$169K
-48.0%
2 $392.4K$385K
-1.9%
3 $428.5K$415K
-3.2%
4 $510K$540K
+5.9%
5+ $520K$555.7K
+6.9%

Summary: Northwest Aurora housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Neighborhoods

Gateway Park
+10.6%
New England Heights
+5.2%
Northwest Aurora
-7.1%

Housing Supply in Northwest Aurora, CO

How many homes are available in Northwest Aurora, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4860+25.0%

Summary: The Northwest Aurora real estate market had 60 homes for sale in March 2024, a 25.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 1720
+17.6%
3 2124
+14.3%
4 58
+60.0%
5+ 36
+100.0%

Summary: The Northwest Aurora 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 17.6%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1025+150.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Aurora, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in Northwest Aurora in March 2024, up by 150.0% month-over-month. Of the 25 sold homes, 28% were sold under asking, 32% were sold at asking, and 40% were sold over asking.

Days on Market for Northwest Aurora, CO

How long does it take to sell a home in Northwest Aurora, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
25 Days23 Days-6.9%

Summary: Homes in Northwest Aurora had an average of 23 days on market in Mar 2024, down by 6.9% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 25 homes were sold in Northwest Aurora; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% 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 25 Days Ago

Newest Listings in Northwest Aurora, CO

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