Is Northgate, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northgate is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Northgate has remained a Buyer's Market.

Key Takeaway

Northgate is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Northgate, CO

How much do homes in Northgate, CO cost?

Median Sold Price

$762,000

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$37,000(+5.1%)

Key Takeaway

Homes in Northgate have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Northgate was $762,000 in October 2024, up 5.1% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $455K$437.5K
-3.8%
3 $593.7K$483.6K
-18.5%
4 $1.1M$762.5K
-30.7%
5+ $725K$805K
+11.0%

Summary: Northgate housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes decreased by 30.7%, and 5+ bedroom homes increased by 11%.

Housing Supply in Northgate, CO

How many homes are available in Northgate, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4863+31.3%

Summary: The Northgate real estate market had 63 homes for sale in October 2024, a 31.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 1418
+28.6%
4 2019
-5.0%
5+ 1222
+83.3%

Summary: The Northgate housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 83.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northgate, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Northgate in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Northgate, CO

How long does it take to sell a home in Northgate, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
107 Days55 Days-48.0%

Summary: Homes in Northgate had an average of 55 days on market in Oct 2024, down by 48% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Northgate has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Northgate; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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