Is Brookland, 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, 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
$372,907
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brookland have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Brookland was $372,907 in April 2024, up 10.6% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163.6K | $170K | +3.9% |
| 2 Bedrooms | $235K | $255K | +8.5% |
| 3 Bedrooms | $329.4K | $360.1K | +9.3% |
| 4 Bedrooms | $395K | $425K | +7.6% |
| 5+ Bedrooms | $605K | $649.9K | +7.4% |
Summary: Brookland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
| South Anna | $440K | $503.8K | +14.5% |
| Brookland | $337.1K | $372.9K | +10.6% |
| Fairfield | $300K | $330K | +10.0% |
| Three Chopt | $469.2K | $506.2K | +7.9% |
| Glen Allen | $460K | $479.4K | +4.2% |
Housing Supply in Brookland, VA
How many homes are available in Brookland, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 159 | 159 | 0.0% |
Summary: The Brookland real estate market had 159 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 29 | 23 | -20.7% |
| 3 Bedrooms | 80 | 75 | -6.3% |
| 4 Bedrooms | 38 | 47 | +23.7% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Brookland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 20.7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 50 | -7.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookland, you could pay more than the asking price. 64% of homes here sold above asking price last month.
Summary: A total of 50 homes were sold or pending in Brookland in April 2024, down by 7.4% month-over-month. Of the 50 sold homes, 20% were sold under asking, 16% were sold at asking, and 64% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 12 Days | +21.9% |
Summary: Homes in Brookland had an average of 12 days on market in Apr 2024, up by 21.9% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brookland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 50 homes were sold in Brookland; 90% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved