Is Northville, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northville is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Northville was a Neutral Market.

Key Takeaway

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

Housing Prices in Northville, NY

How much do homes in Northville, NY cost?

Median Sold Price

$235,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$81,000(-25.6%)

Key Takeaway

Homes in Northville have sold for 25.6% less than they did a year ago.

Summary: The median home sold price in Northville was $235,000 in December 2024, down 25.6% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $135K$188K
+39.3%
2 $215K$205K
-4.7%
3 $415K$260K
-37.3%
4 $310K$311K
0.3%
5+ $349K$311.2K
-10.8%

Summary: Northville housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.3%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 37.3%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 10.8%.

Median Sold Price Compared To Nearby Cities

Northville
-25.6%
Northville
-25.6%
Northampton
-33.5%

Housing Supply in Northville, NY

How many homes are available in Northville, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2623-11.5%

Summary: The Northville real estate market had 23 homes for sale in December 2024, a 11.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 66
0.0%
3 88
0.0%
4 76
-14.3%
5+ 53
-40.0%

Summary: The Northville housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Northville in December 2024, up by 66.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Northville, NY

How long does it take to sell a home in Northville, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
39 Days76 Days+93.2%

Summary: Homes in Northville had an average of 76 days on market in Dec 2024, up by 93.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northville are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in Northville; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

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

Report Updated 4 Days Ago

Newest Listings in Northville, NY

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