Is McNair, 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, McNair has remained a Seller's Market.
Key Takeaway
McNair is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McNair, VA
How much do homes in McNair, VA cost?
Median Sold Price
$506,500
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in McNair have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in McNair was $506,500 in April 2024, down 9.5% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $276K | -3.2% |
| 2 Bedrooms | $381K | $396.4K | +4.0% |
| 3 Bedrooms | $590K | $600K | +1.7% |
| 4 Bedrooms | $749.9K | $669K | -10.8% |
| 5+ Bedrooms | $829.9K | $759.9K | -8.4% |
Summary: McNair housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 8.4%.
Housing Supply in McNair, VA
How many homes are available in McNair, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 28 | +40.0% |
Summary: The McNair real estate market had 28 homes for sale in April 2024, a 40.0% 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 | 12 | 11 | -8.3% |
| 3 Bedrooms | 6 | 13 | +116.7% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The McNair 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 decreased by 8.3%, 3 bedroom homes increased by 116.7%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McNair, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in McNair in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for McNair, VA
How long does it take to sell a home in McNair, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 14 Days | -3.6% |
Summary: Homes in McNair had an average of 14 days on market in Apr 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McNair are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in McNair; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
