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 October 2023

Since last year, Northville has remained a Seller's 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

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$85,000(-26.6%)

Key Takeaway

Homes in Northville have sold for 26.6% less than they did a year ago.

Summary: The median home sold price in Northville was $235,000 in October 2024, down 26.6% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $135K$188K
+39.3%
2 $215K$165K
-23.3%
3 $375K$319.9K
-14.7%
4 $320K$262K
-18.1%
5+ $349K$727.5K
+108.5%

Summary: Northville housing prices by bedroom type for October 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 14.7%, 4 bedroom homes decreased by 18.1%, and 5+ bedroom homes increased by 108.5%.

Median Sold Price Compared To Nearby Cities

Northville
-26.6%
Northville
-30.0%
Northampton
-30.3%

Housing Supply in Northville, NY

How many homes are available in Northville, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3129-6.5%

Summary: The Northville real estate market had 29 homes for sale in October 2024, a 6.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 66
0.0%
3 1510
-33.3%
4 57
+40.0%
5+ 45
+25.0%

Summary: The Northville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was 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. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Northville in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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

Oct 2023Oct 2024CHANGE
30 Days61 Days+102.0%

Summary: Homes in Northville had an average of 61 days on market in Oct 2024, up by 102% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were 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 October 2024, 5 homes were sold in Northville; 60% of homes were sold within 30 days, 0% 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

Nearby Markets to Northville, NY