North Fork Housing Market Report May 2025•Smyth County, Virginia

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Housing Prices in North Fork, VA

How much do homes in North Fork, VA cost?

Housing Market Conditions

Is North Fork, VA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

North Fork is a Seller's Market

Difference Since May 2024

Since last year, North Fork has remained a Seller's Market.

Insight

North Fork is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$191,000$125/SqFt
-$30,500
-13.8%

Based on all homes sold in the last 12 months

Insight

Homes in North Fork have sold for 13.8% less than they did a year ago.

Summary: The median home sold price in North Fork was $191,000 in May 2025, down 13.8% from last year, and the median price per square foot was $125.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Park
+13.7%
North Fork
-13.8%
Royal Oak
-14.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1$225K-
N/A
2$89.9K-
N/A
3$206K$187K
-9.2%
4$337.5K$125K
-63.0%
5$260K$348.5K
+34.0%

Summary: North Fork housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -9.2%. The home price for 4 bedroom homes decreased by -63.0%. The home price for 5 bedroom homes increased by +34.0%.

How does North Fork, VA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

North Fork, VA

Housing supply in North Fork, VA

How many homes are available in North Fork, VA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
4Last MonthMay 2025
42 months agoApr 2025
0.0 %
Change MoMApr – May

Summary: The North Fork real estate market had 4 homes for sale in May 2025, the same as Apr 2025

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthMay 2025
12 months agoApr 2025
+100.0 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
201
+100.0%
310
-100.0%
411
0.0%
522
0.0%

Summary: North Fork housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes decreased by -100.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in North Fork, VA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in North Fork, 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 North Fork in May 2025, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.

Days on Market for North Fork, VA

How long does it take to sell a home in North Fork, VA?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in North Fork has remained consistent over time.

Summary: During May 2025, 2 homes were sold in North Fork; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
125 DaysThis YearMay 2025
178 Days1 year agoMay 2024
-30.0 %
Change YoYMay 2024 – May 2025

Summary: Homes in North Fork had an average listing age of 125 days in May 2025, down by 30.0% compared to the previous year.

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Newest Listings in North Fork, VA

What homes are available in North Fork, VA?

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Nearby markets

Nearby markets aren't available for North Fork, VA

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MLS Disclaimers and Copyright

Based on information from Southwest Virginia Association of REALTORS® MLS, for the period 06/01/2023 - 06/01/2025

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the SW VA Association of REALTORS® Multiple Listing Service. The SWVAR IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information herein is deemed reliable but not guaranteed, representations are approximate, individual verifications are recommended. Copyright 2025 Southwest Virginia Association of REALTORS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/20/2025, 12:45:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.