Is Northeast, 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, Northeast has remained a Seller's Market.
Housing Prices in Northeast, VA
How much do homes in Northeast, VA cost?
Median Sold Price
$745,587
$517/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northeast was $745,587 in April 2024, up 2.9% from last year, and the median price per square foot was $517.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $282.5K | $297.5K | +5.3% |
2 Bedrooms | $725K | $720K | -0.7% |
3 Bedrooms | $810K | $858.5K | +6.0% |
4 Bedrooms | $902.4K | $1.0M | +13.0% |
5+ Bedrooms | - | - | N/A |
Summary: Northeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 13%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Potomac Yards / Potomac Greens | $950K | $1.0M | +8.4% |
Northeast | $724.9K | $745.5K | +2.9% |
Old Town North | $717.5K | $680K | -5.2% |
Waterfront | $1.2M | $1.0M | -19.7% |
Housing Supply in Northeast, VA
How many homes are available in Northeast, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 17 | +54.5% |
Summary: The Northeast real estate market had 17 homes for sale in April 2024, a 54.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 1 | 5 | +400.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Northeast 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 increased by 40%, 3 bedroom homes increased by 400%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Northeast in April 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 7 Days | +52.6% |
Summary: Homes in Northeast had an average of 7 days on market in Apr 2024, up by 52.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Northeast; 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.