Is Neabsco, 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, Neabsco has remained a Seller's Market.
Key Takeaway
Neabsco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Neabsco, VA
How much do homes in Neabsco, VA cost?
Median Sold Price
$438,667
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Neabsco have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Neabsco was $438,667 in March 2024, up 5.7% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $274.5K | $394.7K | +43.8% |
| 3 Bedrooms | $368.5K | $408K | +10.7% |
| 4 Bedrooms | $440K | $468K | +6.4% |
| 5+ Bedrooms | $506.5K | $500K | -1.3% |
Summary: Neabsco 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 increased by 43.8%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Woodbridge | $441.6K | $475.4K | +7.7% |
| Neabsco | $415K | $438.6K | +5.7% |
| Coles | $559.4K | $589.9K | +5.4% |
Housing Supply in Neabsco, VA
How many homes are available in Neabsco, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 150 | 169 | +12.7% |
Summary: The Neabsco real estate market had 169 homes for sale in March 2024, a 12.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 73 | 80 | +9.6% |
| 4 Bedrooms | 51 | 55 | +7.8% |
| 5+ Bedrooms | 22 | 27 | +22.7% |
Summary: The Neabsco 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 75%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 22.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 41 | +32.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Neabsco, you could pay more than the asking price. 58.5% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in Neabsco in March 2024, up by 32.3% month-over-month. Of the 41 sold homes, 20% were sold under asking, 22% were sold at asking, and 59% were sold over asking.
Days on Market for Neabsco, VA
How long does it take to sell a home in Neabsco, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 28 Days | +6.3% |
Summary: Homes in Neabsco had an average of 28 days on market in Mar 2024, up by 6.3% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Neabsco are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 41 homes were sold in Neabsco; 78% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
