$10,000 Closing Credit*
$1,388,000
2,141 SqFt
3 Beds
•1 Full Bath, 1 Partial
#424080627, Alden P Wong, Listing Office: Compass
Is Northwest, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Northwest has remained a Seller's Market.
Key Takeaway
Northwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwest, CA
How much do homes in Northwest, CA cost?
Median Sold Price
$1,861,500
$937/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$111,500(+6.4%)
Key Takeaway
Homes in Northwest have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Northwest was $1,861,500 in October 2024, up 6.4% from last year, and the median price per square foot was $937.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $759.1K | $754.5K | -0.6% |
| 2 Bedrooms | $1.3M | $1.3M | -1.9% |
| 3 Bedrooms | $1.7M | $1.7M | -2.9% |
| 4 Bedrooms | $2.4M | $2.4M | -3.0% |
| 5+ Bedrooms | $2.6M | $2.9M | +10.9% |
Summary: Northwest housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Lake District | $2.0M | $2.5M | +28.2% |
| Northwest | $1.7M | $1.8M | +6.4% |
| The Richmond District | $1.7M | $1.8M | +6.3% |
| Central Richmond | $1.6M | $1.7M | +4.6% |
Housing Supply in Northwest, CA
How many homes are available in Northwest, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 157 | 148 | -5.7% |
Summary: The Northwest real estate market had 148 homes for sale in October 2024, a 5.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 23 | 22 | -4.3% |
| 3 Bedrooms | 33 | 36 | +9.1% |
| 4 Bedrooms | 38 | 35 | -7.9% |
| 5+ Bedrooms | 55 | 49 | -10.9% |
Summary: The Northwest housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 10.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 41 | +41.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest, you could pay more than the asking price. 73.2% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in Northwest in October 2024, up by 41.4% month-over-month. Of the 41 sold homes, 22% were sold under asking, 5% were sold at asking, and 73% were sold over asking.
Days on Market for Northwest, CA
How long does it take to sell a home in Northwest, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 26 Days | -17.3% |
Summary: Homes in Northwest had an average of 26 days on market in Oct 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 41 homes were sold in Northwest; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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