$10,000 Closing Credit*
$1,999,999
2,474 SqFt
5 Beds
•2 Full Baths, 1 Partial
Chris Kwon, Listing Office: Real Broker
Is Northwood, 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, Northwood has remained a Seller's Market.
Key Takeaway
Northwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwood, CA
How much do homes in Northwood, CA cost?
Median Sold Price
$1,625,000
$796/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$370,000(+29.5%)
Key Takeaway
Homes in Northwood have sold for 29.5% more than they did a year ago.
Summary: The median home sold price in Northwood was $1,625,000 in November 2024, up 29.5% from last year, and the median price per square foot was $796.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $512.5K | $555.7K | +8.4% |
| 2 Bedrooms | $721K | $800K | +11.0% |
| 3 Bedrooms | $1.2M | $1.5M | +22.0% |
| 4 Bedrooms | $1.6M | $1.9M | +16.0% |
| 5+ Bedrooms | $1.9M | $2.2M | +14.1% |
Summary: Northwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Northwood | $1.2M | $1.6M | +29.5% |
| Lower Peters Canyon | $1.3M | $1.6M | +22.6% |
| Northwood Point | $1.7M | $2.1M | +21.0% |
| Woodbury | $1.3M | $1.5M | +13.7% |
| Stonegate | $1.7M | $1.8M | +2.9% |
Housing Supply in Northwood, CA
How many homes are available in Northwood, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 47 | 0.0% |
Summary: The Northwood real estate market had 47 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Northwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwood, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Northwood in November 2024, up by 9.1% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.
Days on Market for Northwood, CA
How long does it take to sell a home in Northwood, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 40 Days | +60.1% |
Summary: Homes in Northwood had an average of 40 days on market in Nov 2024, up by 60.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northwood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Northwood; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.