$5,700 Closing Credit*
$479,990
1,953 SqFt
4 Beds
•2 Full Baths, 1 Partial
Tracy M Jennings, Listing Office: DRH Realty Capital, LLC.
Is Back Creek, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Back Creek has remained a Seller's Market.
Key Takeaway
Back Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Back Creek, VA
How much do homes in Back Creek, VA cost?
Median Sold Price
$383,450
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$18,550(+5.1%)
Key Takeaway
Homes in Back Creek have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Back Creek was $383,450 in September 2024, up 5.1% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $176K | +3.5% |
| 2 Bedrooms | $236.5K | $252K | +6.6% |
| 3 Bedrooms | $349.9K | $349.9K | 0.0% |
| 4 Bedrooms | $549.9K | $620K | +12.7% |
| 5+ Bedrooms | $699.9K | $783.7K | +12.0% |
Summary: Back Creek housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 6.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Cities
| Winchester | $360K | $388.9K | +8.0% |
| Back Creek | $364.9K | $383.4K | +5.1% |
| Stephens City | $381K | $399.9K | +5.0% |
Housing Supply in Back Creek, VA
How many homes are available in Back Creek, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 103 | 102 | -1.0% |
Summary: The Back Creek real estate market had 102 homes for sale in September 2024, a 1.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 52 | 54 | +3.8% |
| 4 Bedrooms | 30 | 30 | 0.0% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Back Creek housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Back Creek, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Back Creek in September 2024, down by 25.0% month-over-month. Of the 18 sold homes, 22% were sold under asking, 28% were sold at asking, and 50% were sold over asking.
Days on Market for Back Creek, VA
How long does it take to sell a home in Back Creek, VA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 55 Days | 36 Days | -34.4% |
Summary: Homes in Back Creek had an average of 36 days on market in Sep 2024, down by 34.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Back Creek are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 18 homes were sold in Back Creek; 56% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
