Is Lanexa, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Lanexa has remained a Seller's Market.
Housing Prices in Lanexa, VA
How much do homes in Lanexa, VA cost?
Median Sold Price
$409,994
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lanexa was $409,994 in February 2024, up 1.2% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $66K | -78.0% |
2 Bedrooms | $85K | $249.9K | +194.0% |
3 Bedrooms | $372.5K | $409.9K | +10.1% |
4 Bedrooms | $537.1K | $564.9K | +5.2% |
5+ Bedrooms | $730K | $945K | +29.5% |
Summary: Lanexa housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78%, 2 bedroom homes increased by 194%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 29.5%.
Median Sold Price Compared To Nearby Cities
West Point | $276K | $318K | +15.2% |
Providence Forge | $512.8K | $554K | +8.0% |
Lanexa | $405K | $409.9K | +1.2% |
Stonehouse | $426K | $421.5K | -1.1% |
Housing Supply in Lanexa, VA
How many homes are available in Lanexa, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
26 | 34 | +30.8% |
Summary: The Lanexa real estate market had 34 homes for sale in February 2024, a 30.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 10 | 17 | +70.0% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lanexa housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 70%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
0 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Lanexa in February 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Lanexa, VA
How long does it take to sell a home in Lanexa, VA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
68 Days | 42 Days | -38.3% |
Summary: Homes in Lanexa had an average of 42 days on market in Feb 2024, down by 38.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 6 homes were sold in Lanexa; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.