$8,728 Closing Credit*
$735,000
570 SqFt
1 Bed
•1 Full Bath
Sofia Gurevich, Listing Office: HomeLink Realty
Is Northwest, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$942/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$111,625(+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 November 2024, up 6.4% from last year, and the median price per square foot was $942.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $715K | $699.5K | -2.2% |
| 2 Bedrooms | $1.3M | $1.2M | -1.7% |
| 3 Bedrooms | $1.6M | $1.7M | +1.9% |
| 4 Bedrooms | $2.4M | $2.4M | -3.7% |
| 5+ Bedrooms | $2.6M | $3.0M | +14.8% |
Summary: Northwest housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Lake District | $1.9M | $2.7M | +40.6% |
| The Richmond District | $1.6M | $1.8M | +7.0% |
| Northwest | $1.7M | $1.8M | +6.4% |
| Central Richmond | $1.6M | $1.6M | -0.6% |
Housing Supply in Northwest, CA
How many homes are available in Northwest, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 144 | 103 | -28.5% |
Summary: The Northwest real estate market had 103 homes for sale in November 2024, a 28.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 20 | 15 | -25.0% |
| 3 Bedrooms | 37 | 23 | -37.8% |
| 4 Bedrooms | 31 | 22 | -29.0% |
| 5+ Bedrooms | 50 | 39 | -22.0% |
Summary: The Northwest housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 37.8%, 4 bedroom homes decreased by 29%, and 5+ bedroom homes decreased by 22%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 27 | -42.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Northwest in November 2024, down by 42.6% month-over-month. Of the 27 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 35 Days | +1.2% |
Summary: Homes in Northwest had an average of 35 days on market in Nov 2024, up by 1.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
5 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 November 2024, 27 homes were sold in Northwest; 70% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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