$9,488 Closing Credit*
$799,000
1,731 SqFt
5 Beds
•3 Full Baths
Dimitar Z Dimitrov, Listing Office: KW United
Is North Ridge / Rosemont, 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 / Rosemont has remained a Seller's Market.
Key Takeaway
North Ridge / Rosemont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Ridge / Rosemont, VA
How much do homes in North Ridge / Rosemont, VA cost?
Median Sold Price
$687,500
$461/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$92,500(+15.5%)
Key Takeaway
Homes in North Ridge / Rosemont have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in North Ridge / Rosemont was $687,500 in November 2024, up 15.5% from last year, and the median price per square foot was $461.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $320K | +1.6% |
| 2 Bedrooms | $410K | $424.9K | +3.6% |
| 3 Bedrooms | $895.4K | $950K | +6.1% |
| 4 Bedrooms | $1.1M | $1.2M | +4.7% |
| 5+ Bedrooms | $1.6M | $1.7M | +8.6% |
Summary: North Ridge / Rosemont housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Neighborhoods
| North Ridge / Rosemont | $595K | $687.5K | +15.5% |
| Parkfairfax | $362.5K | $385K | +6.2% |
| South Fairlington | $592.5K | $609.5K | +2.9% |
| North Ridge | $1.0M | $995K | -1.0% |
Housing Supply in North Ridge / Rosemont, VA
How many homes are available in North Ridge / Rosemont, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 38 | -7.3% |
Summary: The North Ridge / Rosemont real estate market had 38 homes for sale in November 2024, a 7.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The North Ridge / Rosemont housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Ridge / Rosemont, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in North Ridge / Rosemont in November 2024, up by 7.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% were sold over asking.
Days on Market for North Ridge / Rosemont, VA
How long does it take to sell a home in North Ridge / Rosemont, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 14 Days | -44.3% |
Summary: Homes in North Ridge / Rosemont had an average of 14 days on market in Nov 2024, down by 44.3% compared to last year.
Breakdown of Home Sale Times
13 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 Ridge / Rosemont are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in North Ridge / Rosemont; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
