Is Norborne, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Norborne is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Norborne, WV cost?

Median Sold Price

$280,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$10,000(+3.7%)

Key Takeaway

Homes in Norborne have sold for 3.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $172.5K$135K
-21.7%
3 $240K$265K
+10.4%
4 $299K$319.9K
+7.0%
5+ $335K$417.5K
+24.6%

Median Sold Price Compared To Nearby Cities

Valley
+12.4%
Norborne
+3.7%

How many homes are available in Norborne, WV?

Number of Homes For Sale

Jul 2022Aug 2022%
5887+50.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 22
0.0%
3 2845
+60.7%
4 2437
+54.2%
5+ 43
-25.0%

Number of Homes Sold

Jul 2022Aug 2022%
228+1300.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Norborne, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Average Sale Time

Aug 2021Aug 2022%
12 Days23 Days+94.0%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Norborne, WV

Norborne, WV has 87 homes on the market. The number of homes for sale in Norborne, WV increased by 50% between July 2022 and August 2022. While the average time on the market in August 2022 was 23 days, the median list price was $280,000. Listing prices have changed in this real estate market between July 2022 and August 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 21.7%, the cost of 3 bedrooms properties went up by 10.4%, prices of 4 bedrooms properties went up by 7%, 5 bedrooms properties prices increased by 24.6%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, volume of 3 bedrooms homes went up by 60.7%, 4 bedrooms homes inventory increased by 54.2%, the quantity of 5 bedrooms homes went down by 25%. In August 2022 more than 11 listings in Norborne, WV were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 5 were sold below.

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