Is North Ridge / Rosemont, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Ridge / Rosemont has remained a Seller's Market.
Key Takeaway
North Ridge / Rosemont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Ridge / Rosemont, VA
How much do homes in North Ridge / Rosemont, VA cost?
Median Sold Price
$610,000
$443/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Ridge / Rosemont have sold for 10.9% less than they did a year ago.
Summary: The median home sold price in North Ridge / Rosemont was $610,000 in April 2024, down 10.9% from last year, and the median price per square foot was $443.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $316K | 0.3% |
| 2 Bedrooms | $389.9K | $421K | +8.0% |
| 3 Bedrooms | $942K | $875K | -7.1% |
| 4 Bedrooms | $1.1M | $1.1M | +4.0% |
| 5+ Bedrooms | $1.7M | $1.3M | -19.8% |
Summary: North Ridge / Rosemont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 19.8%.
Median Sold Price Compared To Nearby Neighborhoods
| South Fairlington | $581.5K | $596K | +2.5% |
| Parkfairfax | $374.7K | $350K | -6.6% |
| North Ridge | $1.1M | $1.0M | -9.2% |
| North Ridge / Rosemont | $685K | $610K | -10.9% |
Housing Supply in North Ridge / Rosemont, VA
How many homes are available in North Ridge / Rosemont, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 43 | +22.9% |
Summary: The North Ridge / Rosemont real estate market had 43 homes for sale in April 2024, a 22.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The North Ridge / Rosemont housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Ridge / Rosemont, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in North Ridge / Rosemont in April 2024, down by 7.7% month-over-month. Of the 12 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for North Ridge / Rosemont, VA
How long does it take to sell a home in North Ridge / Rosemont, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 20 Days | +66.6% |
Summary: Homes in North Ridge / Rosemont had an average of 20 days on market in Apr 2024, up by 66.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Ridge / Rosemont are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in North Ridge / Rosemont; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
