Is Marumsco, 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, Marumsco has remained a Seller's Market.
Key Takeaway
Marumsco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marumsco, VA
How much do homes in Marumsco, VA cost?
Median Sold Price
$439,950
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Marumsco have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Marumsco was $439,950 in April 2024, up 11.4% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $295K | +7.3% |
| 3 Bedrooms | $360K | $409.5K | +13.8% |
| 4 Bedrooms | $410K | $467K | +13.9% |
| 5+ Bedrooms | $475K | $496.2K | +4.5% |
Summary: Marumsco housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Lake Ridge | $435K | $485K | +11.5% |
| Marumsco | $395K | $439.9K | +11.4% |
Housing Supply in Marumsco, VA
How many homes are available in Marumsco, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 54 | +1.9% |
Summary: The Marumsco real estate market had 54 homes for sale in April 2024, a 1.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 16 | 21 | +31.3% |
| 4 Bedrooms | 23 | 18 | -21.7% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Marumsco housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marumsco, you could pay more than the asking price. 70.6% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Marumsco in April 2024, down by 22.7% month-over-month. Of the 17 sold homes, 18% were sold under asking, 12% were sold at asking, and 71% were sold over asking.
Days on Market for Marumsco, VA
How long does it take to sell a home in Marumsco, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 4 Days | -43.8% |
Summary: Homes in Marumsco had an average of 4 days on market in Apr 2024, down by 43.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marumsco are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Marumsco; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
