Is Hunter Mill, 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, Hunter Mill has remained a Seller's Market.
Key Takeaway
Hunter Mill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hunter Mill, VA
How much do homes in Hunter Mill, VA cost?
Median Sold Price
$703,168
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hunter Mill have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Hunter Mill was $703,168 in March 2024, up 6.8% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $281K | $300K | +6.8% |
| 2 Bedrooms | $374.9K | $390K | +4.0% |
| 3 Bedrooms | $590K | $635K | +7.6% |
| 4 Bedrooms | $850.3K | $910K | +7.0% |
| 5+ Bedrooms | $1.3M | $1.3M | -1.3% |
Summary: Hunter Mill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Herndon | $613.2K | $667.3K | +8.8% |
| Hunter Mill | $658.3K | $703.1K | +6.8% |
| Sully | $618.6K | $660.2K | +6.7% |
| Providence | $616.1K | $635.2K | +3.1% |
| Vienna | $1.0M | $1.0M | -0.9% |
Housing Supply in Hunter Mill, VA
How many homes are available in Hunter Mill, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 573 | 619 | +8.0% |
Summary: The Hunter Mill real estate market had 619 homes for sale in March 2024, a 8.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 23 | -14.8% |
| 2 Bedrooms | 106 | 122 | +15.1% |
| 3 Bedrooms | 127 | 145 | +14.2% |
| 4 Bedrooms | 113 | 121 | +7.1% |
| 5+ Bedrooms | 200 | 208 | +4.0% |
Summary: The Hunter Mill housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.8%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 110 | 105 | -4.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
65 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hunter Mill, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.
Summary: A total of 105 homes were sold or pending in Hunter Mill in March 2024, down by 4.5% month-over-month. Of the 105 sold homes, 18% were sold under asking, 20% were sold at asking, and 62% were sold over asking.
Days on Market for Hunter Mill, VA
How long does it take to sell a home in Hunter Mill, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 8 Days | -59.4% |
Summary: Homes in Hunter Mill had an average of 8 days on market in Mar 2024, down by 59.4% compared to last year.
Breakdown of Home Sale Times
100 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hunter Mill are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 105 homes were sold in Hunter Mill; 95% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
