Is Lansdowne, 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, Lansdowne has remained a Seller's Market.
Key Takeaway
Lansdowne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lansdowne, VA
How much do homes in Lansdowne, VA cost?
Median Sold Price
$669,348
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lansdowne have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Lansdowne was $669,348 in April 2024, up 4.6% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257K | $299.5K | +16.5% |
| 2 Bedrooms | $377.5K | $390K | +3.3% |
| 3 Bedrooms | $557.5K | $685K | +22.9% |
| 4 Bedrooms | $855K | $880K | +2.9% |
| 5+ Bedrooms | $1.0M | $1.2M | +20.0% |
Summary: Lansdowne housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Neighborhoods
| Lansdowne | $640K | $669.3K | +4.6% |
| Riverbend at Leisure World | $372K | $382K | +2.7% |
Housing Supply in Lansdowne, VA
How many homes are available in Lansdowne, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 55 | +10.0% |
Summary: The Lansdowne real estate market had 55 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 26 | 26 | 0.0% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Lansdowne housing inventory by bedroom type for April 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 40%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lansdowne, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Lansdowne in April 2024, down by 5.9% month-over-month. Of the 16 sold homes, 19% were sold under asking, 25% were sold at asking, and 56% were sold over asking.
Days on Market for Lansdowne, VA
How long does it take to sell a home in Lansdowne, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 14 Days | -45.7% |
Summary: Homes in Lansdowne had an average of 14 days on market in Apr 2024, down by 45.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lansdowne are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Lansdowne; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
