Is Dumfries, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Dumfries has remained a Seller's Market.
Housing Prices in Dumfries, VA
How much do homes in Dumfries, VA cost?
Median Sold Price
$545,375
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Dumfries was $545,375 in April 2024, up 2.4% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $315K | $409.9K | +30.2% |
3 Bedrooms | $430K | $463.8K | +7.9% |
4 Bedrooms | $599.9K | $621K | +3.5% |
5+ Bedrooms | $675.5K | $715K | +5.8% |
Summary: Dumfries housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.2%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in Dumfries, VA
How many homes are available in Dumfries, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 146 | +41.7% |
Summary: The Dumfries real estate market had 146 homes for sale in April 2024, a 41.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 14 | +40.0% |
3 Bedrooms | 38 | 55 | +44.7% |
4 Bedrooms | 38 | 52 | +36.8% |
5+ Bedrooms | 17 | 25 | +47.1% |
Summary: The Dumfries housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 44.7%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 47.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 48 | +37.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Dumfries in April 2024, up by 37.1% month-over-month. Of the 48 sold homes, 13% were sold under asking, 19% were sold at asking, and 69% were sold over asking.
Days on Market for Dumfries, VA
How long does it take to sell a home in Dumfries, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 11 Days | -40.8% |
Summary: Homes in Dumfries had an average of 11 days on market in Apr 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 48 homes were sold in Dumfries; 92% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.