$7,422 Closing Credit*
$625,000
3,500 SqFt
5 Beds
•4 Full Baths
Amanda Slate, Listing Office: Keller Williams Realty
Is North River, 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 River has remained a Seller's Market.
Key Takeaway
North River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North River, VA
How much do homes in North River, VA cost?
Median Sold Price
$384,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$54,000(+16.4%)
Key Takeaway
Homes in North River have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in North River was $384,000 in October 2024, up 16.4% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $180K | +12.5% |
| 2 Bedrooms | $218.5K | $235K | +7.6% |
| 3 Bedrooms | $315K | $375K | +19.0% |
| 4 Bedrooms | $468.5K | $452.4K | -3.4% |
| 5+ Bedrooms | $662.4K | $686.5K | +3.6% |
Summary: North River housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
| North River | $330K | $384K | +16.4% |
| Fork | $362.5K | $410K | +13.1% |
| Front Royal | $349.3K | $379.2K | +8.6% |
| Strasburg | $297.3K | $320K | +7.6% |
| Opequon | $437K | $429.9K | -1.6% |
Housing Supply in North River, VA
How many homes are available in North River, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 39 | +14.7% |
Summary: The North River real estate market had 39 homes for sale in October 2024, a 14.7% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The North River 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 decreased by 20%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North River, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in North River in October 2024, up by 100.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for North River, VA
How long does it take to sell a home in North River, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 32 Days | +16.4% |
Summary: Homes in North River had an average of 32 days on market in Oct 2024, up by 16.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North River are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in North River; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
