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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northern is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Northern has remained a Seller's Market.

Key Takeaway

Northern is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Northern, WV cost?

Median Sold Price

$140,000

$89/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$1,500(+1.1%)

Key Takeaway

Homes in Northern have sold for 1.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 -$80K
N/A
2 $35K$97K
+177.1%
3 $133K$140K
+5.3%
4 $180K$179K
-0.6%
5+ $237.5K$340K
+43.2%

Median Sold Price Compared To Nearby Cities

Ravenswood
+2.0%
Northern
+1.1%

How many homes are available in Northern, WV?

Number of Homes For Sale

Jul 2022Aug 2022%
2317-26.1%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 33
0.0%
3 1511
-26.7%
4 31
-66.7%
5+ 22
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 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.

Average Sale Time

Aug 2021Aug 2022%
56 Days4 Days-92.4%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were 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.

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

About Northern, WV

Number of homes for sale in Northern, WV real estate market have reached 17. The inventory of homes for sale in Northern, WV between July 2022 and August 2022 decreased by 26.1%. In August 2022, listings were on the market for 4 days. During the same period, the median list price in this real estate market was $140,000. This housing market listing prices have changed between July 2022 and August 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 177.1%, prices of 3 bedrooms properties went up by 5.3%, prices of 4 bedrooms properties went down by 0.6%, prices of 5 bedrooms properties increased by 43.2%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes decreased by 26.7%, number of 4 bedrooms homes decreased by 66.7%, the quantity of 5 bedrooms homes have not changed. In August 2022, from all listings sold in Northern, WV there were more than 2 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price.

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