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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northern is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Northern was a Seller's Market.

Key Takeaway

Northern is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Northern, WV

How much do homes in Northern, WV cost?

Median Sold Price

$139,000

$97/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$14,000(-9.2%)

Key Takeaway

Homes in Northern have sold for 9.2% less than they did a year ago.

Summary: The median home sold price in Northern was $139,000 in February 2024, down 9.2% from last year, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $124K$100K
-19.4%
3 $145K$135K
-6.9%
4 $195K$194.5K
-0.3%
5+ $375K-
N/A

Summary: Northern housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.4%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Ravenswood
-8.6%
Northern
-9.2%

Housing Supply in Northern, WV

How many homes are available in Northern, WV?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1413-7.1%

Summary: The Northern real estate market had 13 homes for sale in February 2024, a 7.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 98
-11.1%
4 00
0.0%
5+ 44
0.0%

Summary: The Northern housing inventory by bedroom type for February 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 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northern, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Northern in February 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Northern, WV

How long does it take to sell a home in Northern, WV?

Average Sale Time

Feb 2023Feb 2024CHANGE
24 Days27 Days+14.6%

Summary: Homes in Northern had an average of 27 days on market in Feb 2024, up by 14.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 2 homes were sold in Northern; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings in Northern, WV

Nearby Markets to Northern, WV

What housing markets are near Northern, WV?