Is Washington Virginia Vale, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Washington Virginia Vale has remained a Seller's Market.
Key Takeaway
Washington Virginia Vale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington Virginia Vale, CO
How much do homes in Washington Virginia Vale, CO cost?
Median Sold Price
$423,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Washington Virginia Vale have sold for 8.7% less than they did a year ago.
Summary: The median home sold price in Washington Virginia Vale was $423,000 in March 2024, down 8.7% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $246.5K | -8.7% |
| 2 Bedrooms | $352.2K | $350K | -0.6% |
| 3 Bedrooms | $620K | $515K | -16.9% |
| 4 Bedrooms | $730.5K | $721.5K | -1.2% |
| 5+ Bedrooms | $755K | $850K | +12.6% |
Summary: Washington Virginia Vale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 16.9%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Virginia Vale | $700K | $680K | -2.9% |
| Washington Virginia Vale | $463.5K | $423K | -8.7% |
| Cherry Creek Village | $270K | $238.5K | -11.7% |
| French Quarter Condominiums | $407.2K | $356.5K | -12.5% |
Housing Supply in Washington Virginia Vale, CO
How many homes are available in Washington Virginia Vale, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 76 | 96 | +26.3% |
Summary: The Washington Virginia Vale real estate market had 96 homes for sale in March 2024, a 26.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 21 | 28 | +33.3% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 9 | 18 | +100.0% |
Summary: The Washington Virginia Vale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington Virginia Vale, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Washington Virginia Vale in March 2024, up by 5.3% month-over-month. Of the 20 sold homes, 45% were sold under asking, 30% were sold at asking, and 25% were sold over asking.
Days on Market for Washington Virginia Vale, CO
How long does it take to sell a home in Washington Virginia Vale, CO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 16 Days | 26 Days | +57.0% |
Summary: Homes in Washington Virginia Vale had an average of 26 days on market in Mar 2024, up by 57% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Washington Virginia Vale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in Washington Virginia Vale; 90% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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