Is North, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, North was a Seller's Market.

Key Takeaway

North is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in North, VA

How much do homes in North, VA cost?

Median Sold Price

$175,750

$233/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$344,250(-66.2%)

Key Takeaway

Homes in North have sold for 66.2% less than they did a month ago.

Summary: The median home sold price in North was $175,750 in April 2024, down 66.2% from last month, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $349.9K$136.5K
-61.0%
3 $527.5K$215K
-59.2%
4 --
N/A
5+ --
N/A

Summary: North housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 61%, 3 bedroom homes decreased by 59.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Caret
-30.6%
North
-66.2%

Housing Supply in North, VA

How many homes are available in North, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1420+42.9%

Summary: The North real estate market had 20 homes for sale in April 2024, a 42.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1012
+20.0%
4 03
+100.0%
5+ 24
+100.0%

Summary: The North 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 decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in North in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for North, VA

How long does it take to sell a home in North, VA?

Average Sale Time

Mar 2024Apr 2024CHANGE
66 Days12 Days-81.3%

Summary: Homes in North had an average of 12 days on market in Apr 2024, down by 81.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 2 homes were sold in North; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in North, VA

Nearby Markets to North, VA

What housing markets are near North, VA?