$4,334 Closing Credit*
$365,000
798 SqFt
3 Beds
•1 Full Bath
Sabrina James, Trevor Howard, Listing Office: SMI Commercial Real Estate LLC
Is Northgate, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Northgate has remained a Seller's Market.
Key Takeaway
Northgate is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northgate, OR
How much do homes in Northgate, OR cost?
Median Sold Price
$434,500
$249/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$3,000(-0.7%)
Key Takeaway
Homes in Northgate have sold for 0.7% less than they did a month ago.
Summary: The median home sold price in Northgate was $434,500 in November 2024, down 0.7% from last month, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $450K | $397.5K | -11.7% |
| 4 Bedrooms | $425K | $429K | +0.9% |
| 5+ Bedrooms | - | $490K | 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 decreased by 11.7%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes did not change.
Housing Supply in Northgate, OR
How many homes are available in Northgate, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 24 | -22.6% |
Summary: The Northgate real estate market had 24 homes for sale in November 2024, a 22.6% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northgate, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Northgate in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Northgate, OR
How long does it take to sell a home in Northgate, OR?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 33 Days | -2.2% |
Summary: Homes in Northgate had an average of 33 days on market in Nov 2024, down by 2.2% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northgate are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Northgate; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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