Is Centreville, 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, Centreville has remained a Seller's Market.
Key Takeaway
Centreville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Centreville, VA
How much do homes in Centreville, VA cost?
Median Sold Price
$549,500
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Centreville have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Centreville was $549,500 in April 2024, up 5.4% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $277.5K | +11.0% |
| 2 Bedrooms | $335K | $370K | +10.4% |
| 3 Bedrooms | $495K | $533K | +7.7% |
| 4 Bedrooms | $715K | $775K | +8.4% |
| 5+ Bedrooms | $886.2K | $913.4K | +3.1% |
Summary: Centreville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Bull Run District | $572.4K | $605.1K | +5.7% |
| Centreville | $521.4K | $549.5K | +5.4% |
Housing Supply in Centreville, VA
How many homes are available in Centreville, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 111 | 152 | +36.9% |
Summary: The Centreville real estate market had 152 homes for sale in April 2024, a 36.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 10 | +66.7% |
| 2 Bedrooms | 16 | 23 | +43.8% |
| 3 Bedrooms | 53 | 70 | +32.1% |
| 4 Bedrooms | 24 | 34 | +41.7% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Centreville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 43.8%, 3 bedroom homes increased by 32.1%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 48 | -4.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centreville, you could pay more than the asking price. 81.3% of homes here sold above asking price last month.
Summary: A total of 48 homes were sold or pending in Centreville in April 2024, down by 4.0% month-over-month. Of the 48 sold homes, 4% were sold under asking, 15% were sold at asking, and 81% were sold over asking.
Days on Market for Centreville, VA
How long does it take to sell a home in Centreville, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 4 Days | -46.3% |
Summary: Homes in Centreville had an average of 4 days on market in Apr 2024, down by 46.3% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Centreville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 48 homes were sold in Centreville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
