Is Dominion Valley, 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, Dominion Valley has remained a Seller's Market.
Housing Prices in Dominion Valley, VA
How much do homes in Dominion Valley, VA cost?
Median Sold Price
$758,100
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Dominion Valley was $758,100 in March 2024, down 2.2% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $429K | $461K | +7.5% |
3 Bedrooms | $641K | $680K | +6.1% |
4 Bedrooms | $830K | $945K | +13.9% |
5+ Bedrooms | $988.7K | $1.0M | +7.2% |
Summary: Dominion Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in Dominion Valley, VA
How many homes are available in Dominion Valley, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 58 | +23.4% |
Summary: The Dominion Valley real estate market had 58 homes for sale in March 2024, a 23.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 16 | 17 | +6.3% |
4 Bedrooms | 11 | 17 | +54.5% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Dominion Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Dominion Valley in March 2024, up by 150.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% were sold over asking.
Days on Market for Dominion Valley, VA
How long does it take to sell a home in Dominion Valley, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
13 Days | 4 Days | -66.0% |
Summary: Homes in Dominion Valley had an average of 4 days on market in Mar 2024, down by 66% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Dominion Valley; 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.