Housing market Amsterdam North: Figures and trends Q4 2024
In Amsterdam North, the average square meter price rose 6.2% from its low point in 2023 Q4.
The housing market in Amsterdam North continues to develop and the latest figures from Q4 2024 show a mixed picture. The average square meter price continues to rise, but the number of transactions is falling and homes are staying for sale longer. What do these developments mean? We take you through the key numbers and trends from this latest quarter.
Average square footage price continues to rise
The average square meter price in Amsterdam North rose to €6,619 in Q4 2024. This represents an increase from Q3 2024 (€6,591) and a clear growth since the low point in Q4 2023 (€6,235). Within the ring, the average square meter price came to €9,213, putting prices within the ring significantly higher than the average in North.
Average transaction price declines slightly within the beltway
The average transaction price in Amsterdam North came to €581,981 in Q4 2024. This is a slight increase from Q3 2024, in which the average transaction price was €569,222.
Within the Ring Road, we see a slight decrease in the transaction price in Q4 compared to Q3 2024. The average transaction price here dropped from 728,355 to 727,549.
Although the square footage price increased on average within the ring, the drop in the average transaction price may indicate that more smaller or cheaper homes sold within the ring this quarter than in previous quarters.
Number of housing transactions decreases
The number of housing transactions in Amsterdam North fell to 189 transactions in Q4 2024, compared with 227 transactions in Q3 2024. The combination of a declining number of transactions and rising square meter prices indicates that demand for housing in Noord remains high, but there is less supply available.
Homes for sale slightly longer
The average turnaround time for homes in Amsterdam North rose to 42 days in Q4 2024, compared with 40 days in Q3 2024. This means that homes are staying on the market longer before being sold. This may indicate that buyers are becoming more discerning and taking more time before making a decision, possibly due to rising mortgage rates and higher prices.
Overbids increase slightly
Unlike many other parts of the city, the average overbid rate in Amsterdam North still increased slightly in Q4 2024. In Q3 2024, an average of 109.2% of the asking price was paid, while this rose to 109.5% in Q4 2024.
What is striking to see is that the overbids on prewar homes increased the most from 109.9% to 112.6%. This increase suggests that homes in North are still popular and that there are
Complete report prices and trends housing market Amsterdam North
Want all the details and analysis on the housing market in Amsterdam North in Q4 2024 view? Download the full quarterly report for an in-depth overview of average square meter prices, transaction prices, lead times and overbids.
📥 Download the full report here: Quarterly Report
Do you have questions about the housing market in Noord or want advice on buying or selling? Amsterdam at Home Brokers will gladly help you!
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