Is Back Creek, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Back Creek was a Seller's Market.
Key Takeaway
Back Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Back Creek, VA
How much do homes in Back Creek, VA cost?
Median Sold Price
$360,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Back Creek have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Back Creek was $360,000 in March 2024, down 4.8% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $170K | +30.8% |
| 2 Bedrooms | $210K | $245K | +16.7% |
| 3 Bedrooms | $325K | $347.4K | +6.9% |
| 4 Bedrooms | $552.4K | $585K | +5.9% |
| 5+ Bedrooms | $680.9K | $832.5K | +22.3% |
Summary: Back Creek housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Cities
| Stephens City | $350K | $380K | +8.6% |
| Winchester | $345.8K | $369K | +6.7% |
| Back Creek | $378K | $360K | -4.8% |
Housing Supply in Back Creek, VA
How many homes are available in Back Creek, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 132 | 141 | +6.8% |
Summary: The Back Creek real estate market had 141 homes for sale in March 2024, a 6.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 22 | +10.0% |
| 3 Bedrooms | 73 | 75 | +2.7% |
| 4 Bedrooms | 28 | 33 | +17.9% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Back Creek housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Back Creek, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Back Creek in March 2024, down by 17.6% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 70 Days | 59 Days | -15.7% |
Summary: Homes in Back Creek had an average of 59 days on market in Mar 2024, down by 15.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Back Creek has remained consistent over time.
Summary: During March 2024, 14 homes were sold in Back Creek; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
