Is Dranesville, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dranesville is a buyer's market

Buyer's
Market

Difference Since January 2022

At the same time last year, Dranesville was a Seller's Market.

Key Takeaway

Dranesville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Dranesville, VA cost?

Median Sold Price

$1,180,462

$352/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$176,219(+17.5%)

Key Takeaway

Homes in Dranesville have sold for 17.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $240K$297.5K
+24.0%
2 $368.6K$390.2K
+5.9%
3 $615K$675K
+9.8%
4 $903.4K$1.0M
+16.2%
5+ $1.6M$1.8M
+14.8%

Median Sold Price Compared To Nearby Cities

Dranesville
+17.5%
Hunter Mill
+8.5%
Sugarland Run
+6.8%
Mc Lean
+4.8%
Providence
+2.1%

How many homes are available in Dranesville, VA?

Number of Homes For Sale

Dec 2022Jan 2023%
492502+2.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 76
-14.3%
2 2318
-21.7%
3 5755
-3.5%
4 122122
0.0%
5+ 283301
+6.4%

Number of Homes Sold

Dec 2022Jan 2023%
7549-34.7%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dranesville, you may be able to get a good deal. 55.1% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
56 Days35 Days-36.7%

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dranesville are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Dranesville, VA

Dranesville, VA has 502 homes for sale to choose from. The number of listings in Dranesville, VA increased by 2% between December 2022 and January 2023. While the average time on the market in January 2023 was 35 days, the median list price was $1,180,462. Listing prices have changed in this real estate market between December 2022 and January 2023: 1 bedroom properties became 24% more expensive, prices of 2 bedrooms properties increased by 5.9%, 3 bedrooms properties prices increased by 9.8%, the cost of 4 bedrooms properties went up by 16.2%, the cost of 5 bedrooms properties went up by 14.8%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 14.3% less available, 2 bedrooms homes inventory decreased by 21.7%, 3 bedrooms homes inventory decreased by 3.5%, number of 4 bedrooms homes remained the same, 5 bedrooms homes inventory increased by 6.4%. In January 2023, from all listings sold in Dranesville, VA there were more than 8 sold above asking price, over 27 sold below and more than 14 were sold right at the asked price.

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