Is Battlefield, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Battlefield is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Battlefield, VA

How much do homes in Battlefield, VA cost?

Median Sold Price

$436,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$26,000(+6.3%)

Key Takeaway

Homes in Battlefield have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Battlefield was $436,000 in May 2024, up 6.3% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $250K$278K
+11.2%
3 $349.2K$375K
+7.4%
4 $461.7K$497.5K
+7.7%
5+ $513K$555K
+8.2%

Summary: Battlefield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 8.2%.

Median Sold Price Compared To Nearby Cities

Salem
+17.5%
Battlefield
+6.3%
Lee Hill
+3.4%
Fredericksburg
+3.0%
Fredericksburg
+2.7%

Housing Supply in Battlefield, VA

How many homes are available in Battlefield, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9382-11.8%

Summary: The Battlefield real estate market had 82 homes for sale in May 2024, a 11.8% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 117
-36.4%
3 4141
0.0%
4 2824
-14.3%
5+ 1310
-23.1%

Summary: The Battlefield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 36.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 23.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3930-23.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Battlefield, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in Battlefield in May 2024, down by 23.1% month-over-month. Of the 30 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for Battlefield, VA

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

Average Sale Time

May 2023May 2024CHANGE
20 Days22 Days+11.1%

Summary: Homes in Battlefield had an average of 22 days on market in May 2024, up by 11.1% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Battlefield are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 30 homes were sold in Battlefield; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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