$474 Closing Credit*
$39,900
2,400 SqFt
Studio
Jason Cavender, Listing Office: The Property Center
Is Northern, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Northern was a Buyer'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
$198,350
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,900(+44.3%)
Key Takeaway
Homes in Northern have sold for 44.3% more than they did a year ago.
Summary: The median home sold price in Northern was $198,350 in November 2024, up 44.3% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $223K | N/A |
| 2 Bedrooms | $91.2K | $100K | +9.6% |
| 3 Bedrooms | $135K | $185K | +37.0% |
| 4 Bedrooms | $189K | $261.5K | +38.4% |
| 5+ Bedrooms | - | $440K | N/A |
Summary: Northern 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 9.6%, 3 bedroom homes increased by 37%, 4 bedroom homes increased by 38.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Northern | $137.4K | $198.3K | +44.3% |
| Ravenswood | $143K | $192.5K | +34.6% |
Housing Supply in Northern, WV
How many homes are available in Northern, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Summary: The Northern real estate market had 18 homes for sale in November 2024, a 18.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Northern housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Northern, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Northern in November 2024, down by 60.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 2 Days | 17 Days | +762.5% |
Summary: Homes in Northern had an average of 17 days on market in Nov 2024, up by 762.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 November 2024, 4 homes were sold in Northern; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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