$2,374 Closing Credit*
$199,900
1,056 SqFt
3 Beds
•2 Full Baths
#10559761, Ira Millen, Listing Office: NextHome Coast to Country RE
Is North, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, North has remained a Buyer's Market.
Key Takeaway
North is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North, VA
How much do homes in North, VA cost?
Median Sold Price
$322,250
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$99,750(+44.8%)
Key Takeaway
Homes in North have sold for 44.8% more than they did a year ago.
Summary: The median home sold price in North was $322,250 in October 2024, up 44.8% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | - | N/A |
| 2 Bedrooms | $222.5K | $136.5K | -38.7% |
| 3 Bedrooms | $218.4K | $299.5K | +37.1% |
| 4 Bedrooms | $274.4K | $420K | +53.0% |
| 5+ Bedrooms | $625K | $1.5M | +155.9% |
Summary: North housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.7%, 3 bedroom homes increased by 37.1%, 4 bedroom homes increased by 53%, and 5+ bedroom homes increased by 155.9%.
Housing Supply in North, VA
How many homes are available in North, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 30 | +25.0% |
Summary: The North real estate market had 30 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 15 | +50.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The North 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 increased by 50%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North, 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 North in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for North, VA
How long does it take to sell a home in North, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 136 Days | +636.9% |
Summary: Homes in North had an average of 136 days on market in Oct 2024, up by 636.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in North are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in North; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.