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 Last Month

Since last month, Northgate Area has remained a Buyer'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

$750,000

$223/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$99,000(-11.7%)

Key Takeaway

Homes in Northgate Area have sold for 11.7% less than they did a month ago.

Summary: The median home sold price in Northgate Area was $750,000 in May 2024, down 11.7% from last month, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $531K$535K
+0.8%
4 $774.7K$739.5K
-4.5%
5+ $890K$927.5K
+4.2%

Summary: Northgate Area housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Neighborhoods

Northgate Area
-11.7%
Flying Horse
-15.2%
Gleneagle
-18.5%

Housing Supply in Northgate Area, CO

How many homes are available in Northgate Area, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
108163+50.9%

Summary: The Northgate Area real estate market had 163 homes for sale in May 2024, a 50.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1828
+55.6%
4 3350
+51.5%
5+ 5481
+50.0%

Summary: The Northgate Area housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 51.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1119+72.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 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. 42.1% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Northgate Area in May 2024, up by 72.7% month-over-month. Of the 19 sold homes, 42% were sold under asking, 26% were sold at asking, and 32% 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

Apr 2024May 2024CHANGE
49 Days30 Days-38.7%

Summary: Homes in Northgate Area had an average of 30 days on market in May 2024, down by 38.7% compared to last month.

Breakdown of Home Sale Times

13 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 Northgate Area are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 19 homes were sold in Northgate Area; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% 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 1 Day Ago

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