$3,206 Closing Credit*
$269,995
970 SqFt
3 Beds
•1 Full Bath
Kat Karger, Listing Office: Resource Realty Services
Is Brookland, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Brookland has remained a Seller's Market.
Key Takeaway
Brookland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brookland, VA
How much do homes in Brookland, VA cost?
Median Sold Price
$380,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$30,000(+8.6%)
Key Takeaway
Homes in Brookland have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Brookland was $380,000 in August 2024, up 8.6% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.5K | $185K | -2.4% |
| 2 Bedrooms | $235K | $265K | +12.8% |
| 3 Bedrooms | $340.7K | $370K | +8.6% |
| 4 Bedrooms | $400K | $435K | +8.8% |
| 5+ Bedrooms | $626K | $618.9K | -1.1% |
Summary: Brookland housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
| South Anna | $455.3K | $524K | +15.1% |
| Three Chopt | $464.9K | $523.6K | +12.6% |
| Brookland | $350K | $380K | +8.6% |
| Glen Allen | $465K | $503.1K | +8.2% |
| Fairfield | $317.4K | $342.9K | +8.0% |
Housing Supply in Brookland, VA
How many homes are available in Brookland, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 182 | 189 | +3.8% |
Summary: The Brookland real estate market had 189 homes for sale in August 2024, a 3.8% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 31 | 38 | +22.6% |
| 3 Bedrooms | 97 | 101 | +4.1% |
| 4 Bedrooms | 41 | 38 | -7.3% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Brookland housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 59 | 72 | +22.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookland, you could pay more than the asking price. 59.7% of homes here sold above asking price last month.
Summary: A total of 72 homes were sold or pending in Brookland in August 2024, up by 22.0% month-over-month. Of the 72 sold homes, 24% were sold under asking, 17% were sold at asking, and 60% were sold over asking.
Days on Market for Brookland, VA
How long does it take to sell a home in Brookland, VA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 13 Days | 13 Days | +4.7% |
Summary: Homes in Brookland had an average of 13 days on market in Aug 2024, up by 4.7% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brookland are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 72 homes were sold in Brookland; 89% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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