Is Lyon Park, 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, Lyon Park has remained a Seller's Market.
Housing Prices in Lyon Park, VA
How much do homes in Lyon Park, VA cost?
Median Sold Price
$1,172,500
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lyon Park was $1,172,500 in April 2024, up 15.5% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $293.4K | $328K | +11.8% |
2 Bedrooms | $530K | $400K | -24.5% |
3 Bedrooms | $902.5K | $1.0M | +12.5% |
4 Bedrooms | $1.2M | $1.4M | +16.2% |
5+ Bedrooms | $2.1M | $2.1M | -0.8% |
Summary: Lyon Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes decreased by 24.5%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Neighborhoods
Lyon Park | $1.0M | $1.1M | +15.5% |
Arlington Heights | $760K | $850K | +11.8% |
Arlington | $697.4K | $751.1K | +7.7% |
Clarendon / Courthouse | $617.5K | $607.5K | -1.6% |
Penrose | $767.4K | $741.5K | -3.4% |
Housing Supply in Lyon Park, VA
How many homes are available in Lyon Park, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Summary: The Lyon Park real estate market had 14 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 2 | 4 | +100.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Lyon Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lyon Park in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Lyon Park, VA
How long does it take to sell a home in Lyon Park, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
3 Days | 40 Days | +982.7% |
Summary: Homes in Lyon Park had an average of 40 days on market in Apr 2024, up by 982.7% compared to last year.
Breakdown of Home Sale Times
4 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, 5 homes were sold in Lyon Park; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.