Is Dunn Loring, 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, Dunn Loring has remained a Seller's Market.
Key Takeaway
Dunn Loring is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dunn Loring, VA
How much do homes in Dunn Loring, VA cost?
Median Sold Price
$945,000
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dunn Loring have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Dunn Loring was $945,000 in April 2024, down 3.6% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $550K | - | N/A |
| 3 Bedrooms | $800K | $835K | +4.4% |
| 4 Bedrooms | $975K | $925K | -5.1% |
| 5+ Bedrooms | $1.2M | $1.3M | +5.3% |
Summary: Dunn Loring housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 5.3%.
Housing Supply in Dunn Loring, VA
How many homes are available in Dunn Loring, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 26 | +62.5% |
Summary: The Dunn Loring real estate market had 26 homes for sale in April 2024, a 62.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 7 | 13 | +85.7% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Dunn Loring housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dunn Loring, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Dunn Loring in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Dunn Loring, VA
How long does it take to sell a home in Dunn Loring, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 7 Days | -56.5% |
Summary: Homes in Dunn Loring had an average of 7 days on market in Apr 2024, down by 56.5% compared to last year.
Breakdown of Home Sale Times
9 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 Dunn Loring are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Dunn Loring; 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.
