Is James Monroe, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, James Monroe was a Seller's Market.
Housing Prices in James Monroe, VA
How much do homes in James Monroe, VA cost?
Median Sold Price
$420,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in James Monroe was $420,000 in March 2024, up 5% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $235K | $243.5K | +3.6% |
3 Bedrooms | $365K | $347.5K | -4.8% |
4 Bedrooms | $434K | $474.2K | +9.3% |
5+ Bedrooms | $460K | $487.5K | +6.0% |
Summary: James Monroe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
Shiloh | $438K | $536K | +22.4% |
James Monroe | $400K | $420K | +5.0% |
King George | $419.9K | $439.9K | +4.8% |
James Madison | $439K | $445K | +1.4% |
Housing Supply in James Monroe, VA
How many homes are available in James Monroe, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 64 | +6.7% |
Summary: The James Monroe real estate market had 64 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 19 | 20 | +5.3% |
4 Bedrooms | 32 | 34 | +6.3% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The James Monroe housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in James Monroe in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for James Monroe, VA
How long does it take to sell a home in James Monroe, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 16 Days | -72.3% |
Summary: Homes in James Monroe had an average of 16 days on market in Mar 2024, down by 72.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in James Monroe; 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.