$295,000
24.41 Acres
Land
Chad Alex Pangle, Listing Office: Whitetail Properties Real Estate, LLC
Is North River, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, North River has remained a Seller's Market.
Key Takeaway
North River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North River, VA
How much do homes in North River, VA cost?
Median Sold Price
$370,250
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$35,350(+10.6%)
Key Takeaway
Homes in North River have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in North River was $370,250 in August 2024, up 10.6% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $208K | $230K | +10.6% |
| 3 Bedrooms | $319.9K | $344.9K | +7.8% |
| 4 Bedrooms | $460K | $475K | +3.3% |
| 5+ Bedrooms | $629.9K | $639.9K | +1.6% |
Summary: North River housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Fork | $360K | $410K | +13.9% |
| Front Royal | $335K | $375K | +11.9% |
| North River | $334.9K | $370.2K | +10.6% |
| Strasburg | $299.5K | $315K | +5.2% |
| Opequon | $434K | $429.9K | -0.9% |
Housing Supply in North River, VA
How many homes are available in North River, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 36 | 45 | +25.0% |
Summary: The North River real estate market had 45 homes for sale in August 2024, a 25.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 9 | +350.0% |
Summary: The North River housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 350%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North River, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in North River in August 2024, up by 25.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for North River, VA
How long does it take to sell a home in North River, VA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 41 Days | 65 Days | +60.7% |
Summary: Homes in North River had an average of 65 days on market in Aug 2024, up by 60.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North River are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 10 homes were sold in North River; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
