$3,266 Closing Credit*
$274,999
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 Last Month
Since last month, 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
$165,000
$87/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$2,000(+1.2%)
Key Takeaway
Homes in Norton have sold for 1.2% more than they did a month ago.
Summary: The median home sold price in Norton was $165,000 in November 2024, up 1.2% from last month, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $115K | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $163K | $215K | +31.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Norton housing prices by bedroom type for November 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 did not change, 4 bedroom homes increased by 31.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wise | $72.7K | $109.9K | +51.2% |
| Norton | $163K | $165K | +1.2% |
| Norton | $163K | $165K | +1.2% |
Housing Supply in Norton, VA
How many homes are available in Norton, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The Norton real estate market had 21 homes for sale in November 2024, a 5.0% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Norton 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Norton in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 61 Days | +18.3% |
Summary: Homes in Norton had an average of 61 days on market in Nov 2024, up by 18.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were 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 November 2024, 2 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.
