Is Glen Allen, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Glen Allen has remained a Seller's Market.
Housing Prices in Glen Allen, VA
How much do homes in Glen Allen, VA cost?
Median Sold Price
$487,291
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Glen Allen was $487,291 in June 2024, up 5.9% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $242.4K | +51.5% |
2 Bedrooms | $268.7K | $272.5K | +1.4% |
3 Bedrooms | $390.5K | $417.7K | +7.0% |
4 Bedrooms | $485.5K | $530K | +9.2% |
5+ Bedrooms | $729.9K | $826.7K | +13.3% |
Summary: Glen Allen housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.5%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
Three Chopt | $466.7K | $525.3K | +12.6% |
South Anna | $467.4K | $512K | +9.5% |
Brookland | $343.4K | $375K | +9.2% |
Chickahominy | $467.1K | $500K | +7.0% |
Glen Allen | $460.2K | $487.2K | +5.9% |
Housing Supply in Glen Allen, VA
How many homes are available in Glen Allen, VA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
345 | 344 | -0.3% |
Summary: The Glen Allen real estate market had 344 homes for sale in June 2024, a 0.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 15 | 8 | -46.7% |
3 Bedrooms | 142 | 154 | +8.5% |
4 Bedrooms | 91 | 94 | +3.3% |
5+ Bedrooms | 92 | 84 | -8.7% |
Summary: The Glen Allen housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 46.7%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 8.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
84 | 89 | +6.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Summary: A total of 89 homes were sold or pending in Glen Allen in June 2024, up by 6.0% month-over-month. Of the 89 sold homes, 30% were sold under asking, 16% were sold at asking, and 54% were sold over asking.
Days on Market for Glen Allen, VA
How long does it take to sell a home in Glen Allen, VA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
12 Days | 18 Days | +51.0% |
Summary: Homes in Glen Allen had an average of 18 days on market in Jun 2024, up by 51% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 89 homes were sold in Glen Allen; 85% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.