Is Northern, WV 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, 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.
Housing Prices in Northern, WV
How much do homes in Northern, WV cost?
Median Sold Price
$165,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Northern have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in Northern was $165,000 in May 2024, up 13.8% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $82.5K | $100K | +21.2% |
| 3 Bedrooms | $139.9K | $145.5K | +4.0% |
| 4 Bedrooms | $189K | $278K | +47.1% |
| 5+ Bedrooms | $442.5K | $630K | +42.4% |
Summary: Northern 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 21.2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes increased by 42.4%.
Median Sold Price Compared To Nearby Cities
| Northern | $145K | $165K | +13.8% |
| Ravenswood | $149.9K | $145.5K | -2.9% |
Housing Supply in Northern, WV
How many homes are available in Northern, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Summary: The Northern real estate market had 23 homes for sale in May 2024, a 21.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Northern 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 increased by 200%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 10 | +400.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northern, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Northern in May 2024, up by 400.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 24 Days | -39.0% |
Summary: Homes in Northern had an average of 24 days on market in May 2024, down by 39% compared to last year.
Breakdown of Home Sale Times
8 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 Northern are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Northern; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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