Is Northern, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Northern was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $124K | $100K | -19.4% |
3 Bedrooms | $145K | $135K | -6.9% |
4 Bedrooms | $195K | $194.5K | -0.3% |
5+ Bedrooms | $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 | $149.9K | $137K | -8.6% |
Northern | $153K | $139K | -9.2% |
Housing Supply in Northern, WV
How many homes are available in Northern, WV?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 13 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 4 | 4 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 2 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
24 Days | 27 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
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.