Is Varina, 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, Varina has remained a Seller's Market.
Housing Prices in Varina, VA
How much do homes in Varina, VA cost?
Median Sold Price
$290,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Varina was $290,000 in May 2024, up 4.4% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $261.4K | -4.9% |
2 Bedrooms | $204K | $224K | +9.8% |
3 Bedrooms | $258.4K | $270K | +4.5% |
4 Bedrooms | $317.9K | $353.5K | +11.2% |
5+ Bedrooms | $395K | $444.4K | +12.5% |
Summary: Varina housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 12.5%.
Housing Supply in Varina, VA
How many homes are available in Varina, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
243 | 263 | +8.2% |
Summary: The Varina real estate market had 263 homes for sale in May 2024, a 8.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 38 | 38 | 0.0% |
3 Bedrooms | 130 | 146 | +12.3% |
4 Bedrooms | 67 | 69 | +3.0% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Varina 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 remained the same, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 75 | +17.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 75 homes were sold or pending in Varina in May 2024, up by 17.2% month-over-month. Of the 73 sold homes, 23% were sold under asking, 25% were sold at asking, and 52% were sold over asking.
Days on Market for Varina, VA
How long does it take to sell a home in Varina, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 25 Days | +13.5% |
Summary: Homes in Varina had an average of 25 days on market in May 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 75 homes were sold in Varina; 80% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.