$3,384 Closing Credit*
$285,000
2,054 SqFt
4 Beds
•2 Full Baths, 1 Partial
#9972757, Brad Winebarger, Listing Office: Park Hill Realty Group, LLC
Is Norton, 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, Norton has remained a Buyer's Market.
Key Takeaway
Norton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Norton, VA
How much do homes in Norton, VA cost?
Median Sold Price
$142,450
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,950(+25.5%)
Key Takeaway
Homes in Norton have sold for 25.5% more than they did a year ago.
Summary: The median home sold price in Norton was $142,450 in October 2024, up 25.5% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58K | - | N/A |
| 2 Bedrooms | $48.5K | $89.9K | +85.4% |
| 3 Bedrooms | $134.5K | $129.9K | -3.4% |
| 4 Bedrooms | $203.5K | $150.1K | -26.2% |
| 5+ Bedrooms | $165K | $390K | +136.4% |
Summary: Norton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 85.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes increased by 136.4%.
Median Sold Price Compared To Nearby Cities
| Norton | $113.5K | $142.4K | +25.5% |
| Norton | $113.5K | $142.4K | +25.5% |
Housing Supply in Norton, VA
How many homes are available in Norton, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Summary: The Norton real estate market had 21 homes for sale in October 2024, a 8.7% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Norton 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Norton, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Norton in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Norton, VA
How long does it take to sell a home in Norton, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 52 Days | -27.8% |
Summary: Homes in Norton had an average of 52 days on market in Oct 2024, down by 27.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Norton has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Norton; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
