Is Northwood, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Northwood has remained a Seller's Market.
Key Takeaway
Northwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwood, PA
How much do homes in Northwood, PA cost?
Median Sold Price
$180,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northwood have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Northwood was $180,000 in April 2024, down 2.4% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $110K | $90K | -18.2% |
| 3 Bedrooms | $165K | $175K | +6.1% |
| 4 Bedrooms | $270K | $210K | -22.2% |
| 5+ Bedrooms | $265K | $280K | +5.7% |
Summary: Northwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Frankford | $130K | $146K | +12.3% |
| Summerdale | $175K | $183.4K | +4.8% |
| Northwood | $184.5K | $180K | -2.4% |
| Juniata | $180K | $175K | -2.8% |
Housing Supply in Northwood, PA
How many homes are available in Northwood, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 53 | +8.2% |
Summary: The Northwood real estate market had 53 homes for sale in April 2024, a 8.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 29 | 32 | +10.3% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Northwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Northwood, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Northwood in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Northwood, PA
How long does it take to sell a home in Northwood, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 26 Days | -46.3% |
Summary: Homes in Northwood had an average of 26 days on market in Apr 2024, down by 46.3% compared to last year.
Breakdown of Home Sale Times
8 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 Northwood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Northwood; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
