$3,681 Closing Credit*
$310,000
1,575 SqFt
3 Beds
•2 Full Baths
Curtis W Siever, Listing Office: NextHome Realty Select
Is Norborne, WV 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, Norborne has remained a Seller's Market.
Key Takeaway
Norborne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norborne, WV
How much do homes in Norborne, WV cost?
Median Sold Price
$359,740
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,740(+10.7%)
Key Takeaway
Homes in Norborne have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Norborne was $359,740 in November 2024, up 10.7% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $219K | $230K | +5.0% |
| 3 Bedrooms | $284.5K | $310K | +9.0% |
| 4 Bedrooms | $355.5K | $399.9K | +12.5% |
| 5+ Bedrooms | $395K | $450K | +13.9% |
Summary: Norborne housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Adam Stephens | $212.2K | $236.9K | +11.6% |
| Norborne | $325K | $359.7K | +10.7% |
| Martinsburg | $281K | $300K | +6.8% |
| Valley | $300K | $315K | +5.0% |
| Hedgesville | $300K | $310.5K | +3.5% |
Housing Supply in Norborne, WV
How many homes are available in Norborne, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 55 | -15.4% |
Summary: The Norborne real estate market had 55 homes for sale in November 2024, a 15.4% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 27 | 26 | -3.7% |
| 4 Bedrooms | 30 | 23 | -23.3% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Norborne 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 remained the same, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 23.3%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norborne, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Norborne in November 2024, down by 11.1% month-over-month. Of the 16 sold homes, 44% were sold under asking, 25% were sold at asking, and 31% were sold over asking.
Days on Market for Norborne, WV
How long does it take to sell a home in Norborne, WV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 26 Days | +8.1% |
Summary: Homes in Norborne had an average of 26 days on market in Nov 2024, up by 8.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norborne are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Norborne; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
