Is Brentsville, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Brentsville has remained a Seller's Market.
Key Takeaway
Brentsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brentsville, VA
How much do homes in Brentsville, VA cost?
Median Sold Price
$666,241
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brentsville have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Brentsville was $666,241 in May 2024, up 8.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $339.9K | - | N/A |
| 2 Bedrooms | $435K | $466K | +7.1% |
| 3 Bedrooms | $516.6K | $529.2K | +2.4% |
| 4 Bedrooms | $670K | $725K | +8.2% |
| 5+ Bedrooms | $789K | $845K | +7.1% |
Summary: Brentsville 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 7.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Manassas | $483.7K | $525.1K | +8.6% |
| Brentsville | $614.5K | $666.2K | +8.4% |
| Manassas | $477.3K | $510K | +6.8% |
| Manassas Park | $424.9K | $449.4K | +5.8% |
| Bristow | $635K | $645.6K | +1.7% |
Housing Supply in Brentsville, VA
How many homes are available in Brentsville, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 252 | 312 | +23.8% |
Summary: The Brentsville real estate market had 312 homes for sale in May 2024, a 23.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 16 | +77.8% |
| 3 Bedrooms | 85 | 97 | +14.1% |
| 4 Bedrooms | 90 | 121 | +34.4% |
| 5+ Bedrooms | 68 | 77 | +13.2% |
Summary: The Brentsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 77.8%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes increased by 13.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 88 | 72 | -18.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
53 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brentsville, you could pay more than the asking price. 73.6% of homes here sold above asking price last month.
Summary: A total of 72 homes were sold or pending in Brentsville in May 2024, down by 18.2% month-over-month. Of the 72 sold homes, 13% were sold under asking, 14% were sold at asking, and 74% were sold over asking.
Days on Market for Brentsville, VA
How long does it take to sell a home in Brentsville, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 11 Days | -12.5% |
Summary: Homes in Brentsville had an average of 11 days on market in May 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brentsville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 72 homes were sold in Brentsville; 96% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
