$25,000
0.80 Acres
Land
Amber Mouser, Listing Office: Sold Sisters Realty, LLC
Is Northern, WV 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, Northern has remained a Seller's Market.
Key Takeaway
Northern is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northern, WV
How much do homes in Northern, WV cost?
Median Sold Price
$200,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,000(+42.9%)
Key Takeaway
Homes in Northern have sold for 42.9% more than they did a year ago.
Summary: The median home sold price in Northern was $200,000 in October 2024, up 42.9% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $223K | N/A |
| 2 Bedrooms | $82.5K | $100K | +21.2% |
| 3 Bedrooms | $135K | $185K | +37.0% |
| 4 Bedrooms | $189K | $278K | +47.1% |
| 5+ Bedrooms | - | $440K | N/A |
Summary: Northern 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 21.2%, 3 bedroom homes increased by 37%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Northern | $140K | $200K | +42.9% |
| Ravenswood | $146K | $190K | +30.1% |
Housing Supply in Northern, WV
How many homes are available in Northern, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 24 | -14.3% |
Summary: The Northern real estate market had 24 homes for sale in October 2024, a 14.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Northern 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 11.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northern, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Northern in October 2024, up by 42.9% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Northern, WV
How long does it take to sell a home in Northern, WV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 60 Days | +110.9% |
Summary: Homes in Northern had an average of 60 days on market in Oct 2024, up by 110.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northern are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Northern; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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