Is Braddock, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Braddock is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Braddock has remained a Seller's Market.

Key Takeaway

Braddock is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$15,824(+2.3%)

Key Takeaway

Homes in Braddock have sold for 2.3% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $185.9K$207.5K
+11.6%
2 $285K$318.7K
+11.8%
3 $536.2K$575K
+7.2%
4 $750K$775K
+3.3%
5+ $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
+10.8%
Mason
+3.2%
Providence
+2.4%
Braddock
+2.3%
Springfield
+1.9%

Housing Supply in Braddock, VA

How many homes are available in Braddock, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
228270+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

# BEDSJan 2024Feb 2024CHANGE
1 1113
+18.2%
2 1317
+30.8%
3 5468
+25.9%
4 86100
+16.3%
5+ 6472
+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 2024Feb 2024CHANGE
3449+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Braddock, you could pay more than the asking price. 55.1% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
22 Days9 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Braddock are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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