Is Northgate Area, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Northgate Area has remained a Buyer's Market.
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
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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $531K | $535K | +0.8% |
4 Bedrooms | $774.7K | $739.5K | -4.5% |
5+ Bedrooms | $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 | $849K | $750K | -11.7% |
Flying Horse | $890K | $755K | -15.2% |
Gleneagle | $659.5K | $537.5K | -18.5% |
Housing Supply in Northgate Area, CO
How many homes are available in Northgate Area, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
108 | 163 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 18 | 28 | +55.6% |
4 Bedrooms | 33 | 50 | +51.5% |
5+ Bedrooms | 54 | 81 | +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 2024 | May 2024 | CHANGE |
---|---|---|
11 | 19 | +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
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 2024 | May 2024 | CHANGE |
---|---|---|
49 Days | 30 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
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.