Is North River, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, North River was a Seller's Market.
Key Takeaway
North River is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North River, VA
How much do homes in North River, VA cost?
Median Sold Price
$327,500
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North River have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in North River was $327,500 in March 2024, down 7.7% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $199K | $218.5K | +9.8% |
| 3 Bedrooms | $355K | $314K | -11.5% |
| 4 Bedrooms | $377.5K | $480K | +27.2% |
| 5+ Bedrooms | $585K | $662.4K | +13.2% |
Summary: North River housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.8%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 27.2%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Cities
| Front Royal | $300K | $364.2K | +21.4% |
| Strasburg | $285.5K | $309.5K | +8.4% |
| Fork | $360K | $388.5K | +7.9% |
| Opequon | $413.5K | $425K | +2.8% |
| North River | $355K | $327.5K | -7.7% |
Housing Supply in North River, VA
How many homes are available in North River, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 50 | +19.0% |
Summary: The North River real estate market had 50 homes for sale in March 2024, a 19.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 21 | +40.0% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The North River housing inventory by bedroom type for March 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 40%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North River, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in North River in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 17 Days | -70.4% |
Summary: Homes in North River had an average of 17 days on market in Mar 2024, down by 70.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North River are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in North River; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
