Is Navy / Vale, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Navy / Vale was a Buyer's Market.
Key Takeaway
Navy / Vale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Navy / Vale, VA
How much do homes in Navy / Vale, VA cost?
Median Sold Price
$981,500
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Navy / Vale have sold for 18.2% less than they did a year ago.
Summary: The median home sold price in Navy / Vale was $981,500 in April 2024, down 18.2% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $513.5K | N/A |
| 3 Bedrooms | $735K | $784K | +6.7% |
| 4 Bedrooms | $1.1M | $955K | -15.7% |
| 5+ Bedrooms | $1.3M | $1.2M | -2.2% |
Summary: Navy / Vale 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 did not change, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes decreased by 2.2%.
Housing Supply in Navy / Vale, VA
How many homes are available in Navy / Vale, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 47 | +104.3% |
Summary: The Navy / Vale real estate market had 47 homes for sale in April 2024, a 104.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 6 | +200.0% |
| 4 Bedrooms | 5 | 18 | +260.0% |
| 5+ Bedrooms | 16 | 23 | +43.8% |
Summary: The Navy / Vale 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 remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 260%, and 5+ bedroom homes increased by 43.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Navy / Vale, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Navy / Vale in April 2024, up by 62.5% month-over-month. Of the 13 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for Navy / Vale, VA
How long does it take to sell a home in Navy / Vale, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 5 Days | -90.7% |
Summary: Homes in Navy / Vale had an average of 5 days on market in Apr 2024, down by 90.7% compared to last year.
Breakdown of Home Sale Times
13 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 Navy / Vale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Navy / Vale; 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.
