$4,251 Closing Credit*
$358,000
2,004 SqFt
3 Beds
•2 Full Baths, 2 Partial
Jared Silva, Listing Office: ERA Liberty Realty
Is Norborne, WV 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, Norborne has remained a Seller's Market.
Key Takeaway
Norborne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norborne, WV
How much do homes in Norborne, WV cost?
Median Sold Price
$354,250
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$29,750(+9.2%)
Key Takeaway
Homes in Norborne have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Norborne was $354,250 in August 2024, up 9.2% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $212.5K | $221.5K | +4.2% |
| 3 Bedrooms | $280K | $305K | +8.9% |
| 4 Bedrooms | $350K | $399.9K | +14.3% |
| 5+ Bedrooms | $364.7K | $437.5K | +19.9% |
Summary: Norborne 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 4.2%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 19.9%.
Median Sold Price Compared To Nearby Cities
| Norborne | $324.5K | $354.2K | +9.2% |
| Adam Stephens | $211.2K | $230K | +8.9% |
| Martinsburg | $275K | $298.2K | +8.5% |
| Valley | $292K | $303K | +3.8% |
| Hedgesville | $302.5K | $299.9K | -0.8% |
Housing Supply in Norborne, WV
How many homes are available in Norborne, WV?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 72 | 69 | -4.2% |
Summary: The Norborne real estate market had 69 homes for sale in August 2024, a 4.2% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 37 | 31 | -16.2% |
| 4 Bedrooms | 25 | 29 | +16.0% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Norborne housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.2%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norborne, expect to pay close to the asking price. 35.3% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Norborne in August 2024, down by 26.1% month-over-month. Of the 17 sold homes, 29% were sold under asking, 35% were sold at asking, and 35% were sold over asking.
Days on Market for Norborne, WV
How long does it take to sell a home in Norborne, WV?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 31 Days | 18 Days | -40.2% |
Summary: Homes in Norborne had an average of 18 days on market in Aug 2024, down by 40.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norborne are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 17 homes were sold in Norborne; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
