Is Braddock, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Braddock has remained a Seller's Market.
Housing Prices in Braddock, VA
How much do homes in Braddock, VA cost?
Median Sold Price
$700,181
$329/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Braddock was $700,181 in February 2024, up 2.3% from last year, and the median price per square foot was $329.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185.9K | $207.5K | +11.6% |
2 Bedrooms | $285K | $318.7K | +11.8% |
3 Bedrooms | $536.2K | $575K | +7.2% |
4 Bedrooms | $750K | $775K | +3.3% |
5+ Bedrooms | $880.5K | $890K | +1.1% |
Summary: Braddock housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
Fairfax | $641.5K | $710.6K | +10.8% |
Mason | $647.7K | $668.3K | +3.2% |
Providence | $615.7K | $630.5K | +2.4% |
Braddock | $684.3K | $700.1K | +2.3% |
Springfield | $699.1K | $712.8K | +1.9% |
Housing Supply in Braddock, VA
How many homes are available in Braddock, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
228 | 270 | +18.4% |
Summary: The Braddock real estate market had 270 homes for sale in February 2024, a 18.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 13 | +18.2% |
2 Bedrooms | 13 | 17 | +30.8% |
3 Bedrooms | 54 | 68 | +25.9% |
4 Bedrooms | 86 | 100 | +16.3% |
5+ Bedrooms | 64 | 72 | +12.5% |
Summary: The Braddock housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
34 | 49 | +44.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Braddock in February 2024, up by 44.1% month-over-month. Of the 49 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.
Days on Market for Braddock, VA
How long does it take to sell a home in Braddock, VA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
22 Days | 9 Days | -57.3% |
Summary: Homes in Braddock had an average of 9 days on market in Feb 2024, down by 57.3% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 49 homes were sold in Braddock; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.