Is Sully, 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, Sully has remained a Seller's Market.
Key Takeaway
Sully is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sully, VA
How much do homes in Sully, VA cost?
Median Sold Price
$677,847
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sully have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Sully was $677,847 in May 2024, up 8.3% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $280K | +9.8% |
| 2 Bedrooms | $375K | $402.5K | +7.3% |
| 3 Bedrooms | $540K | $580K | +7.4% |
| 4 Bedrooms | $799.9K | $846.3K | +5.8% |
| 5+ Bedrooms | $1.0M | $1.0M | -2.3% |
Summary: Sully housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Chantilly | $675K | $750.2K | +11.1% |
| Hunter Mill | $655.5K | $710.4K | +8.4% |
| Sully | $625.6K | $677.8K | +8.3% |
| Fairfax | $677.1K | $730.2K | +7.9% |
| Providence | $617.1K | $636.4K | +3.1% |
Housing Supply in Sully, VA
How many homes are available in Sully, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 425 | 499 | +17.4% |
Summary: The Sully real estate market had 499 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 19 | -29.6% |
| 2 Bedrooms | 65 | 77 | +18.5% |
| 3 Bedrooms | 147 | 181 | +23.1% |
| 4 Bedrooms | 109 | 127 | +16.5% |
| 5+ Bedrooms | 77 | 95 | +23.4% |
Summary: The Sully housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 29.6%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 23.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 165 | 147 | -10.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
105 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sully, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 147 homes were sold or pending in Sully in May 2024, down by 10.9% month-over-month. Of the 147 sold homes, 10% were sold under asking, 18% were sold at asking, and 71% were sold over asking.
Days on Market for Sully, VA
How long does it take to sell a home in Sully, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 8 Days | -33.1% |
Summary: Homes in Sully had an average of 8 days on market in May 2024, down by 33.1% compared to last year.
Breakdown of Home Sale Times
136 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sully are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 147 homes were sold in Sully; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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