$10,000 Closing Credit*
$1,350,000
2,100 SqFt
3 Beds
•2 Full Baths
John Murdock, Listing Office: Keller Williams Realty
Is North Highlands, 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 Highlands has remained a Seller's Market.
Key Takeaway
North Highlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Highlands, VA
How much do homes in North Highlands, VA cost?
Median Sold Price
$340,000
$402/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,900(-2.8%)
Key Takeaway
Homes in North Highlands have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in North Highlands was $340,000 in October 2024, down 2.8% from last year, and the median price per square foot was $402.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $271.2K | $259.9K | -4.2% |
| 2 Bedrooms | $350K | $335.6K | -4.1% |
| 3 Bedrooms | $1.2M | $1.1M | -7.5% |
| 4 Bedrooms | - | $932.5K | N/A |
| 5+ Bedrooms | - | $2.2M | N/A |
Summary: North Highlands housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Colonial Village | $330K | $328.7K | -0.4% |
| North Highlands | $349.9K | $340K | -2.8% |
Housing Supply in North Highlands, VA
How many homes are available in North Highlands, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The North Highlands real estate market had 12 homes for sale in October 2024, a 7.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The North Highlands 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 8 | +700.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Highlands, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in North Highlands in October 2024, up by 700.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for North Highlands, VA
How long does it take to sell a home in North Highlands, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 32 Days | +128.6% |
Summary: Homes in North Highlands had an average of 32 days on market in Oct 2024, up by 128.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Highlands are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in North Highlands; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
