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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northgate Area is a buyer's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Northgate Area, CO

How much do homes in Northgate Area, CO cost?

Median Sold Price

$855,000

$218/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$175,000(+25.7%)

Key Takeaway

Homes in Northgate Area have sold for 25.7% more than they did a month ago.

Summary: The median home sold price in Northgate Area was $855,000 in November 2024, up 25.7% from last month, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $520K$526K
+1.2%
4 $515K$845K
+64.1%
5+ $865K$1.0M
+23.7%

Summary: Northgate Area 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 1.2%, 4 bedroom homes increased by 64.1%, and 5+ bedroom homes increased by 23.7%.

Median Sold Price Compared To Nearby Neighborhoods

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

Housing Supply in Northgate Area, CO

How many homes are available in Northgate Area, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
141152+7.8%

Summary: The Northgate Area real estate market had 152 homes for sale in November 2024, a 7.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 58
+60.0%
3 3238
+18.8%
4 3940
+2.6%
5+ 6566
+1.5%

Summary: The Northgate Area 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 60%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 1.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1513-13.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northgate Area, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Northgate Area in November 2024, down by 13.3% month-over-month. Of the 13 sold homes, 69% were sold under asking, 8% were sold at asking, and 23% were sold over asking.

Days on Market for Northgate Area, CO

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

Average Sale Time

Oct 2024Nov 2024CHANGE
47 Days76 Days+60.0%

Summary: Homes in Northgate Area had an average of 76 days on market in Nov 2024, up by 60% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 13 homes were sold in Northgate Area; 15% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 38% 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 24 Days Ago

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