Is Northridge Park, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northridge Park is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Northridge Park was a Neutral Market.

Key Takeaway

Northridge Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northridge Park, TX

How much do homes in Northridge Park, TX cost?

Median Sold Price

$470,000

$242/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$96,325(-17.0%)

Key Takeaway

Homes in Northridge Park have sold for 17% less than they did a month ago.

Summary: The median home sold price in Northridge Park was $470,000 in October 2024, down 17% from last month, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $535K$447.5K
-16.4%
4 -$645K
N/A
5+ $675K-
N/A

Summary: Northridge Park housing prices by bedroom type for October 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 16.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Northridge Park, TX

How many homes are available in Northridge Park, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2623-11.5%

Summary: The Northridge Park real estate market had 23 homes for sale in October 2024, a 11.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 2018
-10.0%
4 44
0.0%
5+ 20
-100.0%

Summary: The Northridge Park 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 decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northridge Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Northridge Park in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Northridge Park, TX

How long does it take to sell a home in Northridge Park, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
86 Days65 Days-24.6%

Summary: Homes in Northridge Park had an average of 65 days on market in Oct 2024, down by 24.6% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northridge Park are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Northridge Park; 50% of homes were sold within 30 days, 17% 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 16 Days Ago

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