Is Lake Anna, 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, Lake Anna was a Buyer's Market.
Key Takeaway
Lake Anna is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lake Anna, VA
How much do homes in Lake Anna, VA cost?
Median Sold Price
$534,990
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lake Anna have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Lake Anna was $534,990 in March 2024, up 19.6% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $210K | +27.3% |
| 2 Bedrooms | $279K | $272K | -2.5% |
| 3 Bedrooms | $400K | $450.7K | +12.7% |
| 4 Bedrooms | $530K | $593.4K | +12.0% |
| 5+ Bedrooms | $1.2M | $1.3M | +5.6% |
Summary: Lake Anna housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.3%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 5.6%.
Housing Supply in Lake Anna, VA
How many homes are available in Lake Anna, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 246 | 276 | +12.2% |
Summary: The Lake Anna real estate market had 276 homes for sale in March 2024, a 12.2% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 124 | 137 | +10.5% |
| 4 Bedrooms | 77 | 83 | +7.8% |
| 5+ Bedrooms | 41 | 51 | +24.4% |
Summary: The Lake Anna 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 increased by 25%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 24.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 44 | +109.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Anna, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Lake Anna in March 2024, up by 109.5% month-over-month. Of the 44 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Lake Anna, VA
How long does it take to sell a home in Lake Anna, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 65 Days | +1.4% |
Summary: Homes in Lake Anna had an average of 65 days on market in Mar 2024, up by 1.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Anna are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 44 homes were sold in Lake Anna; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved