Is Lee, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lee has remained a Seller's Market.
Housing Prices in Lee, VA
How much do homes in Lee, VA cost?
Median Sold Price
$445,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lee was $445,000 in March 2024, up 7.2% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $192.8K | N/A |
2 Bedrooms | $256.5K | $250K | -2.5% |
3 Bedrooms | $377.5K | $400K | +6.0% |
4 Bedrooms | $473K | $510K | +7.8% |
5+ Bedrooms | $465K | $570K | +22.6% |
Summary: Lee 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 decreased by 2.5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 22.6%.
Median Sold Price Compared To Nearby Cities
Bealeton | $415K | $465K | +12.0% |
Lee | $415K | $445K | +7.2% |
Remington | $425K | $414K | -2.6% |
Sumerduck | $549.9K | $532.4K | -3.2% |
Housing Supply in Lee, VA
How many homes are available in Lee, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 88 | -2.2% |
Summary: The Lee real estate market had 88 homes for sale in March 2024, a 2.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 38 | 39 | +2.6% |
4 Bedrooms | 39 | 32 | -17.9% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Lee 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 57.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 25 | +56.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Lee in March 2024, up by 56.3% month-over-month. Of the 25 sold homes, 28% were sold under asking, 32% were sold at asking, and 40% were sold over asking.
Days on Market for Lee, VA
How long does it take to sell a home in Lee, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 39 Days | +27.3% |
Summary: Homes in Lee had an average of 39 days on market in Mar 2024, up by 27.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Lee; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.