Amsterdam North Housing Market, Q3 2021. Housing prices are rising sharply, and prices in Amsterdam North have also risen significantly.
Housing prices are skyrocketing, and prices in Amsterdam North have also risen sharply.
Over the past 12 months, prices per square meter in Amsterdam North have risen by 16%—a record high! Transaction prices have also risen sharply to €502,000. The number of transactions has fallen short, with a 25% decline compared to the third quarter of last year.
Is the housing market in Amsterdam North affordable?
Amsterdam North is one of the few neighborhoods in Amsterdam where you can still find “affordable” housing compared to average prices within the Ring Road. In Amsterdam North, the price per square meter has risen to €5,549; in the rest of Amsterdam within the Ring Road, the average price per square meter is €8,022. That’s a difference of €2,473—or 45%!
Transaction prices in Amsterdam North
Prices are significantly lower on average, at €502,000 in Amsterdam North compared to €708,000 within the Ring Road. For this amount, you get an average of 90 m² in Amsterdam North, whereas within the Ring Road, you pay €206,000 more for a home that is 2 m² smaller—namely, 88 m²!
Difference in bidding between Amsterdam North and Amsterdam within the ring road
In Amsterdam North, bids are on average 15% higher than the asking price, while within the Ring Road that figure was 11%. Compared to the area within the Ring Road, the housing market in Amsterdam North is therefore even more overheated. There is, of course, a clear correlation between the number of homes on the market and the number of homebuyers.
Shortage of housing supply
There are currently 104 houses and/or apartments for sale in Amsterdam North. In Q3, the number of transactions dropped from 229 to 172 compared to last year—a 25% decline! This means the market in Amsterdam North is also in desperate need of new listings. Many people are looking for their next home and want to buy first before selling their current home. Due to the reduced supply and the large number of buyers, including those from Amsterdam Binnen de Ring, the chances of successfully purchasing a home are not very high.
Housing Market Statistics for Amsterdam North
Amsterdam at Home Real Estate relies on data and believes in people. Our real estate agent, Kaylee Römer, was born and raised in Noord and is here to help you successfully buy or sell a home!
Would you like to receive all the statistics on the housing market in Amsterdam North?
Stay up to date
Get the latest market figures and updates on the Amsterdam housing market delivered straight to your inbox every month.
Related articles
Looking to sell your home?
Discover how our data-driven approach can boost your sales results.
Contact us
