Is Northhampton, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northhampton is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Northhampton has remained a Seller's Market.

Key Takeaway

Northhampton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northhampton, VA

How much do homes in Northhampton, VA cost?

Median Sold Price

$285,000

$188/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$15,000(-5.0%)

Key Takeaway

Homes in Northhampton have sold for 5% less than they did a month ago.

Summary: The median home sold price in Northhampton was $285,000 in October 2024, down 5% from last month, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $275K$285K
+3.6%
4 $362.5K-
N/A
5+ --
N/A

Summary: Northhampton housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Northhampton, VA

How many homes are available in Northhampton, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
109121+11.0%

Summary: The Northhampton real estate market had 121 homes for sale in October 2024, a 11.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1518
+20.0%
3 5058
+16.0%
4 3637
+2.8%
5+ 77
0.0%

Summary: The Northhampton 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 increased by 20%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2122+4.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northhampton, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Northhampton in October 2024, up by 4.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Northhampton, VA

How long does it take to sell a home in Northhampton, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
25 Days43 Days+67.7%

Summary: Homes in Northhampton had an average of 43 days on market in Oct 2024, up by 67.7% compared to last month.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northhampton are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 22 homes were sold in Northhampton; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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