$7,956 Closing Credit*
$670,000
1,082 SqFt
2 Beds
•2 Full Baths
Carolyn Saenz, Listing Office: Coldwell Banker Realty
Is Northeast, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Northeast has remained a Seller's Market.
Key Takeaway
Northeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northeast, VA
How much do homes in Northeast, VA cost?
Median Sold Price
$795,000
$542/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$70,000(+9.7%)
Key Takeaway
Homes in Northeast have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Northeast was $795,000 in September 2024, up 9.7% from last year, and the median price per square foot was $542.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $297.5K | -0.8% |
| 2 Bedrooms | $725K | $772.5K | +6.6% |
| 3 Bedrooms | $823K | $961.3K | +16.8% |
| 4 Bedrooms | $925K | $1.0M | +14.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Northeast housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Waterfront | $982.5K | $1.1M | +13.6% |
| Northeast | $725K | $795K | +9.7% |
| Potomac Yards / Potomac Greens | $1.0M | $990K | -2.0% |
| Old Town North | $743.1K | $700K | -5.8% |
Housing Supply in Northeast, VA
How many homes are available in Northeast, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The Northeast real estate market had 15 homes for sale in September 2024, a 7.1% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Northeast housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
0 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 Northeast, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Northeast in September 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Northeast, VA
How long does it take to sell a home in Northeast, VA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 18 Days | 29 Days | +61.1% |
Summary: Homes in Northeast had an average of 29 days on market in Sep 2024, up by 61.1% compared to last year.
Breakdown of Home Sale Times
2 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 Northeast are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 4 homes were sold in Northeast; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
