$4,274 Closing Credit*
$359,900
1,200 SqFt
3 Beds
•2 Full Baths, 1 Partial
Sharon L Daniels, Listing Office: Coldwell Banker Premier
Is North River, 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 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
$389,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$69,000(+21.6%)
Key Takeaway
Homes in North River have sold for 21.6% more than they did a year ago.
Summary: The median home sold price in North River was $389,000 in November 2024, up 21.6% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $235K | +80.8% |
| 2 Bedrooms | $208K | $242K | +16.3% |
| 3 Bedrooms | $315K | $380K | +20.6% |
| 4 Bedrooms | $425K | $477.5K | +12.4% |
| 5+ Bedrooms | $662.4K | $653.7K | -1.3% |
Summary: North River housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.8%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
| North River | $320K | $389K | +21.6% |
| Front Royal | $350K | $382K | +9.1% |
| Fork | $374.3K | $404.2K | +8.0% |
| Strasburg | $302.5K | $315K | +4.1% |
| Opequon | $435K | $434.9K | 0% |
Housing Supply in North River, VA
How many homes are available in North River, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 26 | -27.8% |
Summary: The North River real estate market had 26 homes for sale in November 2024, a 27.8% 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 | 2 | -33.3% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The North River 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 decreased by 33.3%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North River, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in North River in November 2024, down by 38.5% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 22 Days | +27.7% |
Summary: Homes in North River had an average of 22 days on market in Nov 2024, up by 27.7% compared to last year.
Breakdown of Home Sale Times
6 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 River are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in North River; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
