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 21 Days Ago

Newest Listings in Northville, NY

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