Is Idylwood, 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, Idylwood has remained a Seller's Market.
Key Takeaway
Idylwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Idylwood, VA
How much do homes in Idylwood, VA cost?
Median Sold Price
$540,000
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Idylwood have sold for 14.3% less than they did a year ago.
Summary: The median home sold price in Idylwood was $540,000 in April 2024, down 14.3% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $218K | $242.5K | +11.2% |
| 2 Bedrooms | $358K | $337.2K | -5.8% |
| 3 Bedrooms | $653.7K | $735K | +12.4% |
| 4 Bedrooms | $907.5K | $900K | -0.8% |
| 5+ Bedrooms | $1.3M | $1.4M | +6.5% |
Summary: Idylwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 12.4%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in Idylwood, VA
How many homes are available in Idylwood, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 35 | +12.9% |
Summary: The Idylwood real estate market had 35 homes for sale in April 2024, a 12.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 3 | -50.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Idylwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Idylwood, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Idylwood in April 2024, up by 10.0% month-over-month. Of the 11 sold homes, 18% were sold under asking, 9% were sold at asking, and 73% were sold over asking.
Days on Market for Idylwood, VA
How long does it take to sell a home in Idylwood, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 13 Days | -23.6% |
Summary: Homes in Idylwood had an average of 13 days on market in Apr 2024, down by 23.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Idylwood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Idylwood; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
