$4,987 Closing Credit*
$419,999
930 SqFt
2 Beds
•1 Full Bath
John F Welch, Listing Office: RE/MAX Allegiance
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 October 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
$675,000
$460/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$117,500(+21.1%)
Key Takeaway
Homes in North Ridge / Rosemont have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in North Ridge / Rosemont was $675,000 in October 2024, up 21.1% from last year, and the median price per square foot was $460.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $320K | +1.6% |
| 2 Bedrooms | $410K | $426.9K | +4.1% |
| 3 Bedrooms | $905K | $950K | +5.0% |
| 4 Bedrooms | $1.1M | $1.1M | +6.1% |
| 5+ Bedrooms | $1.7M | $1.6M | -5.1% |
Summary: North Ridge / Rosemont housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Neighborhoods
| North Ridge / Rosemont | $557.5K | $675K | +21.1% |
| South Fairlington | $570K | $601K | +5.4% |
| Parkfairfax | $370K | $380K | +2.7% |
| North Ridge | $1.0M | $996.2K | -0.4% |
Housing Supply in North Ridge / Rosemont, VA
How many homes are available in North Ridge / Rosemont, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 46 | +17.9% |
Summary: The North Ridge / Rosemont real estate market had 46 homes for sale in October 2024, a 17.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The North Ridge / Rosemont housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Ridge / Rosemont, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in North Ridge / Rosemont in October 2024, up by 55.6% month-over-month. Of the 14 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 28 Days | +122.1% |
Summary: Homes in North Ridge / Rosemont had an average of 28 days on market in Oct 2024, up by 122.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 14 homes were sold in North Ridge / Rosemont; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
