Is Old Town North, 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, Old Town North has remained a Seller's Market.
Key Takeaway
Old Town North is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old Town North, VA
How much do homes in Old Town North, VA cost?
Median Sold Price
$680,000
$621/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Old Town North have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Old Town North was $680,000 in April 2024, down 5.2% from last year, and the median price per square foot was $621.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $360K | +2.9% |
| 2 Bedrooms | $702.5K | $770.5K | +9.7% |
| 3 Bedrooms | $1.0M | $1.2M | +16.0% |
| 4 Bedrooms | - | $2.2M | N/A |
| 5+ Bedrooms | $2.0M | - | N/A |
Summary: Old Town North housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 16%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Braddock Road Metro | $765K | $792.4K | +3.6% |
| 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 Old Town North, VA
How many homes are available in Old Town North, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The Old Town North real estate market had 9 homes for sale in April 2024, a 10.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Old Town North housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Old Town North, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Old Town North in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Old Town North, VA
How long does it take to sell a home in Old Town North, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 5 Days | -76.6% |
Summary: Homes in Old Town North had an average of 5 days on market in Apr 2024, down by 76.6% compared to last year.
Breakdown of Home Sale Times
3 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 Old Town North are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Old Town North; 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.
