Is Dranesville, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | $240K | $297.5K | +24.0% |
| 2 Bedrooms | $368.6K | $390.2K | +5.9% |
| 3 Bedrooms | $615K | $675K | +9.8% |
| 4 Bedrooms | $903.4K | $1.0M | +16.2% |
| 5+ Bedrooms | $1.6M | $1.8M | +14.8% |
Median Sold Price Compared To Nearby Cities
| Dranesville | $1.0M | $1.1M | +17.5% |
| Hunter Mill | $601.1K | $651.9K | +8.5% |
| Sugarland Run | $563.6K | $602K | +6.8% |
| Mc Lean | $1.1M | $1.2M | +4.8% |
| Providence | $611.9K | $624.8K | +2.1% |
How many homes are available in Dranesville, VA?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 492 | 502 | +2.0% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 23 | 18 | -21.7% |
| 3 Bedrooms | 57 | 55 | -3.5% |
| 4 Bedrooms | 122 | 122 | 0.0% |
| 5+ Bedrooms | 283 | 301 | +6.4% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 75 | 49 | -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
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 2022 | Jan 2023 | % |
|---|---|---|
| 56 Days | 35 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
Key Takeaway
Many homes in Dranesville are selling fast, if you're buying plan to act quickly.
