Is Newington Forest, 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, Newington Forest has remained a Seller's Market.
Housing Prices in Newington Forest, VA
How much do homes in Newington Forest, VA cost?
Median Sold Price
$602,500
$313/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in Newington Forest was $602,500 in March 2024, the same as last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $395K | $420K | +6.3% |
3 Bedrooms | $545K | $535K | -1.8% |
4 Bedrooms | $756.5K | $751K | -0.7% |
5+ Bedrooms | $880K | $955K | +8.5% |
Summary: Newington Forest 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 6.3%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 8.5%.
Housing Supply in Newington Forest, VA
How many homes are available in Newington Forest, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 34 | +25.9% |
Summary: The Newington Forest real estate market had 34 homes for sale in March 2024, a 25.9% 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 | 5 | 7 | +40.0% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Newington Forest 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 40%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 11 | +175.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Newington Forest in March 2024, up by 175.0% month-over-month. Of the 11 sold homes, 18% were sold under asking, 0% were sold at asking, and 82% were sold over asking.
Days on Market for Newington Forest, VA
How long does it take to sell a home in Newington Forest, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
8 Days | 4 Days | -45.0% |
Summary: Homes in Newington Forest had an average of 4 days on market in Mar 2024, down by 45% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Newington Forest; 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.