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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northville is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Northville has remained a Buyer's Market.

Key Takeaway

Northville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Northville, NY

How much do homes in Northville, NY cost?

Median Sold Price

$247,500

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$56,000(-18.5%)

Key Takeaway

Homes in Northville have sold for 18.5% less than they did a year ago.

Summary: The median home sold price in Northville was $247,500 in November 2024, down 18.5% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $135K$188K
+39.3%
2 $215K$165K
-23.3%
3 $375K$299.9K
-20.0%
4 $315K$289K
-8.3%
5+ $349K$337.5K
-3.3%

Summary: Northville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.3%, 2 bedroom homes decreased by 23.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Cities

Northville
-18.5%
Northville
-21.4%
Northampton
-26.6%

Housing Supply in Northville, NY

How many homes are available in Northville, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3024-20.0%

Summary: The Northville real estate market had 24 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 67
+16.7%
3 108
-20.0%
4 86
-25.0%
5+ 53
-40.0%

Summary: The Northville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Northville in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Nov 2023Nov 2024CHANGE
26 Days35 Days+34.6%

Summary: Homes in Northville had an average of 35 days on market in Nov 2024, up by 34.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Northville has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Northville; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in Northville, NY

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