Is North Ridge, VA 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, North Ridge has remained a Seller's Market.
Housing Prices in North Ridge, VA
How much do homes in North Ridge, VA cost?
Median Sold Price
$1,010,000
$451/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Ridge was $1,010,000 in April 2024, down 9.2% from last year, and the median price per square foot was $451.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $510K | $485K | -4.9% |
3 Bedrooms | $964.9K | $915.4K | -5.1% |
4 Bedrooms | $1.2M | $1.2M | -2.7% |
5+ Bedrooms | $1.7M | $1.3M | -21.1% |
Summary: North Ridge 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 4.9%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 21.1%.
Median Sold Price Compared To Nearby Neighborhoods
Potomac West | $821.4K | $825K | 0.4% |
Parkfairfax | $374.7K | $350K | -6.6% |
North Ridge | $1.1M | $1.0M | -9.2% |
North Ridge / Rosemont | $685K | $610K | -10.9% |
Housing Supply in North Ridge, VA
How many homes are available in North Ridge, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 15 | +66.7% |
Summary: The North Ridge real estate market had 15 homes for sale in April 2024, a 66.7% 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 | 1 | 4 | +300.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The North Ridge 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 increased by 300%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in North Ridge in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for North Ridge, VA
How long does it take to sell a home in North Ridge, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 42 Days | +130.7% |
Summary: Homes in North Ridge had an average of 42 days on market in Apr 2024, up by 130.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in North Ridge; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.