Is Sandston, 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, Sandston has remained a Seller's Market.
Key Takeaway
Sandston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sandston, VA
How much do homes in Sandston, VA cost?
Median Sold Price
$290,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sandston have sold for 9% more than they did a year ago.
Summary: The median home sold price in Sandston was $290,000 in March 2024, up 9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | - | N/A |
| 2 Bedrooms | $190K | $159.7K | -15.9% |
| 3 Bedrooms | $255.4K | $285K | +11.6% |
| 4 Bedrooms | $310K | $324K | +4.5% |
| 5+ Bedrooms | $469K | $391.7K | -16.5% |
Summary: Sandston 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 decreased by 15.9%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Sandston | $266K | $290K | +9.0% |
| Henrico | $350K | $374.9K | +7.1% |
| Varina | $272.7K | $285K | +4.5% |
| Quinton | $389.4K | $385K | -1.1% |
| Cold Harbor | $410K | $400K | -2.4% |
Housing Supply in Sandston, VA
How many homes are available in Sandston, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 46 | -4.2% |
Summary: The Sandston real estate market had 46 homes for sale in March 2024, a 4.2% decrease 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Sandston 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 remained the same, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sandston, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Sandston in March 2024, down by 7.7% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Sandston, VA
How long does it take to sell a home in Sandston, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 32 Days | +2.6% |
Summary: Homes in Sandston had an average of 32 days on market in Mar 2024, up by 2.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sandston are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Sandston; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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