Is Braddock Road Metro, 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, Braddock Road Metro has remained a Seller's Market.
Key Takeaway
Braddock Road Metro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Braddock Road Metro, VA
How much do homes in Braddock Road Metro, VA cost?
Median Sold Price
$792,450
$570/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Braddock Road Metro have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Braddock Road Metro was $792,450 in April 2024, up 3.6% from last year, and the median price per square foot was $570.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $402.5K | $428.7K | +6.5% |
| 2 Bedrooms | $680K | $715K | +5.1% |
| 3 Bedrooms | $1.0M | $925K | -8.3% |
| 4 Bedrooms | $1.2M | $928.7K | -26.1% |
| 5+ Bedrooms | $1.6M | $1.3M | -18.6% |
Summary: Braddock Road Metro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes decreased by 18.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Braddock Road Metro | $765K | $792.4K | +3.6% |
| Old Town | $1.0M | $1.0M | +2.9% |
| Northeast | $724.9K | $745.5K | +2.9% |
| Old Town North | $717.5K | $680K | -5.2% |
Housing Supply in Braddock Road Metro, VA
How many homes are available in Braddock Road Metro, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 30 | +42.9% |
Summary: The Braddock Road Metro real estate market had 30 homes for sale in April 2024, a 42.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 7 | 14 | +100.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Braddock Road Metro housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Braddock Road Metro, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Braddock Road Metro in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Braddock Road Metro, VA
How long does it take to sell a home in Braddock Road Metro, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 9 Days | -36.5% |
Summary: Homes in Braddock Road Metro had an average of 9 days on market in Apr 2024, down by 36.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Braddock Road Metro are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Braddock Road Metro; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
