Is Lake Barcroft, 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, Lake Barcroft has remained a Seller's Market.
Housing Prices in Lake Barcroft, VA
How much do homes in Lake Barcroft, VA cost?
Median Sold Price
$865,860
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Barcroft was $865,860 in April 2024, up 11.4% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195.5K | $217.3K | +11.2% |
2 Bedrooms | $242K | $260.5K | +7.6% |
3 Bedrooms | $777.5K | $850K | +9.3% |
4 Bedrooms | $867.5K | $962.5K | +11.0% |
5+ Bedrooms | $1.1M | $1.2M | +16.7% |
Summary: Lake Barcroft 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 increased by 7.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 16.7%.
Housing Supply in Lake Barcroft, VA
How many homes are available in Lake Barcroft, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 33 | +43.5% |
Summary: The Lake Barcroft real estate market had 33 homes for sale in April 2024, a 43.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 2 | 5 | +150.0% |
4 Bedrooms | 9 | 14 | +55.6% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Lake Barcroft 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 50%, 3 bedroom homes increased by 150%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Lake Barcroft in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Lake Barcroft, VA
How long does it take to sell a home in Lake Barcroft, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 32 Days | +562.7% |
Summary: Homes in Lake Barcroft had an average of 32 days on market in Apr 2024, up by 562.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Lake Barcroft; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.