$10,000 Closing Credit*
$924,800
1,180 SqFt
2 Beds
•2 Full Baths
Joanne Ritchick, Listing Office: Long & Foster Real Estate, Inc.
Is North Ridge, 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 Ridge has remained a Seller's Market.
Key Takeaway
North Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Ridge, VA
How much do homes in North Ridge, VA cost?
Median Sold Price
$996,250
$480/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,750(-0.4%)
Key Takeaway
The sold price of homes in North Ridge has remained the same since last year.
Summary: The median home sold price in North Ridge was $996,250 in October 2024, down 0.4% from last year, and the median price per square foot was $480.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $485K | $515K | +6.2% |
| 3 Bedrooms | $929K | $950K | +2.3% |
| 4 Bedrooms | $1.1M | $1.1M | -4.3% |
| 5+ Bedrooms | $1.7M | $1.6M | -4.3% |
Summary: North Ridge 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 increased by 6.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Neighborhoods
| North Ridge / Rosemont | $557.5K | $675K | +21.1% |
| Parkfairfax | $370K | $380K | +2.7% |
| Potomac West | $823.9K | $835K | +1.3% |
| North Ridge | $1.0M | $996.2K | -0.4% |
Housing Supply in North Ridge, VA
How many homes are available in North Ridge, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Summary: The North Ridge real estate market had 23 homes for sale in October 2024, a 35.3% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The North Ridge 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 increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Ridge, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in North Ridge in October 2024, up by 350.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% were sold over asking.
Days on Market for North Ridge, VA
How long does it take to sell a home in North Ridge, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 22 Days | +199.3% |
Summary: Homes in North Ridge had an average of 22 days on market in Oct 2024, up by 199.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Ridge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in North Ridge; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
