$9,488 Closing Credit*
$799,000
1,731 SqFt
5 Beds
•3 Full Baths
Dimitar Z Dimitrov, Listing Office: KW United
Is North Ridge, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$995,000
$495/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,000(-1.0%)
Key Takeaway
Homes in North Ridge have sold for 1% less than they did a year ago.
Summary: The median home sold price in North Ridge was $995,000 in November 2024, down 1% from last year, and the median price per square foot was $495.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $485K | $515K | +6.2% |
| 3 Bedrooms | $929K | $950K | +2.3% |
| 4 Bedrooms | $1.1M | $1.0M | -10.1% |
| 5+ Bedrooms | $1.6M | $1.7M | +9.3% |
Summary: North Ridge housing prices by bedroom type for November 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 10.1%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Neighborhoods
| North Ridge / Rosemont | $595K | $687.5K | +15.5% |
| Parkfairfax | $362.5K | $385K | +6.2% |
| Potomac West | $824.9K | $840K | +1.8% |
| North Ridge | $1.0M | $995K | -1.0% |
Housing Supply in North Ridge, VA
How many homes are available in North Ridge, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 17 | -19.0% |
Summary: The North Ridge real estate market had 17 homes for sale in November 2024, a 19.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The North Ridge housing inventory by bedroom type for November 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 12.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Ridge, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in North Ridge in November 2024, the same as the previous month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 7 Days | -83.0% |
Summary: Homes in North Ridge had an average of 7 days on market in Nov 2024, down by 83% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Ridge are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in North Ridge; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
