Is Del Ray, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Del Ray has remained a Seller's Market.
Housing Prices in Del Ray, VA
How much do homes in Del Ray, VA cost?
Median Sold Price
$850,000
$560/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Del Ray was $850,000 in March 2024, up 3.8% from last year, and the median price per square foot was $560.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345K | $295K | -14.5% |
2 Bedrooms | $744.5K | $799.9K | +7.5% |
3 Bedrooms | $825K | $850K | +3.0% |
4 Bedrooms | $900K | $1.1M | +27.4% |
5+ Bedrooms | $1.6M | $1.8M | +14.0% |
Summary: Del Ray housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.5%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Neighborhoods
Potomac Yards / Potomac Greens | $950K | $1.0M | +9.2% |
Del Ray | $818.9K | $850K | +3.8% |
Potomac West | $799.1K | $824.9K | +3.2% |
North Ridge | $1.1M | $1.0M | -15.8% |
Housing Supply in Del Ray, VA
How many homes are available in Del Ray, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 67 | +17.5% |
Summary: The Del Ray real estate market had 67 homes for sale in March 2024, a 17.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 11 | +22.2% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 24 | 27 | +12.5% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Del Ray housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Del Ray in March 2024, up by 44.4% month-over-month. Of the 13 sold homes, 23% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Del Ray, VA
How long does it take to sell a home in Del Ray, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 10 Days | -79.0% |
Summary: Homes in Del Ray had an average of 10 days on market in Mar 2024, down by 79% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Del Ray; 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.