Is Baileys, 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, Baileys has remained a Seller's Market.
Key Takeaway
Baileys is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baileys, VA
How much do homes in Baileys, VA cost?
Median Sold Price
$480,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Baileys have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Baileys was $480,000 in April 2024, up 5.8% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $248K | +7.8% |
| 2 Bedrooms | $325K | $330K | +1.5% |
| 3 Bedrooms | $597.5K | $682K | +14.1% |
| 4 Bedrooms | $850K | $900K | +5.9% |
| 5+ Bedrooms | $1.0M | $1.0M | +8.0% |
Summary: Baileys housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Neighborhoods
| Baileys | $453.5K | $480K | +5.8% |
| Bailey's Crossroads | $368K | $387K | +5.2% |
Housing Supply in Baileys, VA
How many homes are available in Baileys, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 79 | 102 | +29.1% |
Summary: The Baileys real estate market had 102 homes for sale in April 2024, a 29.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 14 | 0.0% |
| 2 Bedrooms | 23 | 29 | +26.1% |
| 3 Bedrooms | 11 | 20 | +81.8% |
| 4 Bedrooms | 17 | 24 | +41.2% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Baileys 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 26.1%, 3 bedroom homes increased by 81.8%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 30 | +76.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baileys, you could pay more than the asking price. 56.7% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Baileys in April 2024, up by 76.5% month-over-month. Of the 30 sold homes, 33% were sold under asking, 10% were sold at asking, and 57% were sold over asking.
Days on Market for Baileys, VA
How long does it take to sell a home in Baileys, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 21 Days | +193.9% |
Summary: Homes in Baileys had an average of 21 days on market in Apr 2024, up by 193.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Baileys are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 30 homes were sold in Baileys; 90% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
