Is Radnor / Ft. Myer Heights, 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, Radnor / Ft. Myer Heights has remained a Seller's Market.
Key Takeaway
Radnor / Ft. Myer Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Radnor / Ft. Myer Heights, VA
How much do homes in Radnor / Ft. Myer Heights, VA cost?
Median Sold Price
$460,000
$505/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Radnor / Ft. Myer Heights have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Radnor / Ft. Myer Heights was $460,000 in April 2024, up 4.9% from last year, and the median price per square foot was $505.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299K | $233K | -22.1% |
| 2 Bedrooms | $700K | $710K | +1.4% |
| 3 Bedrooms | $1.0M | $2.0M | +92.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Radnor / Ft. Myer Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 92.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Arlington | $697.4K | $751.1K | +7.7% |
| Radnor / Ft. Myer Heights | $438.5K | $460K | +4.9% |
| Colonial Village | $364.9K | $325K | -11.0% |
| North Rosslyn | $994.5K | $860K | -13.5% |
Housing Supply in Radnor / Ft. Myer Heights, VA
How many homes are available in Radnor / Ft. Myer Heights, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 40 | +17.6% |
Summary: The Radnor / Ft. Myer Heights real estate market had 40 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 15 | +7.1% |
| 2 Bedrooms | 17 | 21 | +23.5% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Radnor / Ft. Myer Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Radnor / Ft. Myer Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Radnor / Ft. Myer Heights in April 2024, up by 40.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for Radnor / Ft. Myer Heights, VA
How long does it take to sell a home in Radnor / Ft. Myer Heights, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 13 Days | -53.7% |
Summary: Homes in Radnor / Ft. Myer Heights had an average of 13 days on market in Apr 2024, down by 53.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Radnor / Ft. Myer Heights are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Radnor / Ft. Myer Heights; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
