Is North River, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North River has remained a Seller's Market.
Key Takeaway
North River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North River, VA
How much do homes in North River, VA cost?
Median Sold Price
$341,450
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North River have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in North River was $341,450 in May 2024, up 2.7% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $199K | $229.5K | +15.3% |
| 3 Bedrooms | $319.9K | $320K | 0.0% |
| 4 Bedrooms | $390K | $452.4K | +16.0% |
| 5+ Bedrooms | $629.9K | - | N/A |
Summary: North River housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 16%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Front Royal | $319.9K | $372.8K | +16.5% |
| Fork | $352.7K | $393.7K | +11.6% |
| Strasburg | $292.5K | $314.9K | +7.7% |
| North River | $332.4K | $341.4K | +2.7% |
| Opequon | $430K | $428.7K | -0.3% |
Housing Supply in North River, VA
How many homes are available in North River, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 35 | +25.0% |
Summary: The North River real estate market had 35 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The North River housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North River, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in North River in May 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for North River, VA
How long does it take to sell a home in North River, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 31 Days | +17.2% |
Summary: Homes in North River had an average of 31 days on market in May 2024, up by 17.2% compared to last year.
Breakdown of Home Sale Times
4 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 River are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in North River; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
