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 Last Month

Since last month, 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

$750,000

$222/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$235,000(+45.6%)

Key Takeaway

Homes in Northgate have sold for 45.6% more than they did a month ago.

Summary: The median home sold price in Northgate was $750,000 in November 2024, up 45.6% from last month, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $493.6K$526K
+6.6%
4 $515K$950K
+84.5%
5+ -$750K
N/A

Summary: Northgate housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 84.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Gleneagle
+151.1%
Northgate
+45.6%
Northgate Area
+25.7%
Pine Creek
+15.4%
Flying Horse
-1.7%

Housing Supply in Northgate, CO

How many homes are available in Northgate, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5161+19.6%

Summary: The Northgate real estate market had 61 homes for sale in November 2024, a 19.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 47
+75.0%
3 1317
+30.8%
4 1515
0.0%
5+ 1922
+15.8%

Summary: The Northgate 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 75%, 3 bedroom homes increased by 30.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 15.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Northgate in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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 2024Nov 2024CHANGE
55 Days78 Days+41.6%

Summary: Homes in Northgate had an average of 78 days on market in Nov 2024, up by 41.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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 November 2024, 5 homes were sold in Northgate; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 30 Days Ago

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