$10,000 Closing Credit*
$1,339,000
2,624 SqFt
4 Beds
•3 Full Baths, 1 Partial
Mike Wesner, Listing Office: Mike Wesner Real Estate
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
$799,000
$435/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,919(-0.9%)
Key Takeaway
Homes in Northwest have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Northwest was $799,000 in November 2024, down 0.9% from last year, and the median price per square foot was $435.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288.5K | $287K | -0.5% |
| 2 Bedrooms | $532K | $522.5K | -1.8% |
| 3 Bedrooms | $775K | $765K | -1.3% |
| 4 Bedrooms | $856.5K | $860K | 0.4% |
| 5+ Bedrooms | $1.0M | $1.1M | +2.9% |
Summary: Northwest housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in Northwest, CA
How many homes are available in Northwest, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 36 | -14.3% |
Summary: The Northwest real estate market had 36 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Northwest housing inventory by bedroom type for November 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 remained the same, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 8 | -52.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Northwest in November 2024, down by 52.9% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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 |
|---|---|---|
| 18 Days | 17 Days | -5.9% |
Summary: Homes in Northwest had an average of 17 days on market in Nov 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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, 8 homes were sold in Northwest; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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