Is Sudley, 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, Sudley has remained a Seller's Market.
Key Takeaway
Sudley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sudley, VA
How much do homes in Sudley, VA cost?
Median Sold Price
$425,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sudley have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Sudley was $425,000 in April 2024, up 6.3% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $340K | $310K | -8.8% |
| 3 Bedrooms | $363.2K | $373.5K | +2.8% |
| 4 Bedrooms | $469.5K | $495K | +5.4% |
| 5+ Bedrooms | $510K | $547.5K | +7.4% |
Summary: Sudley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Sudley | $400K | $425K | +6.3% |
| Loch Lomond | $435K | $460K | +5.7% |
| Bull Run District | $572.4K | $605.1K | +5.7% |
| Bull Run | $835K | $805K | -3.6% |
Housing Supply in Sudley, VA
How many homes are available in Sudley, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 43 | +48.3% |
Summary: The Sudley real estate market had 43 homes for sale in April 2024, a 48.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 15 | 22 | +46.7% |
| 4 Bedrooms | 5 | 11 | +120.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Sudley 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 100%, 3 bedroom homes increased by 46.7%, 4 bedroom homes increased by 120%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sudley, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Sudley in April 2024, up by 75.0% month-over-month. Of the 14 sold homes, 7% were sold under asking, 21% were sold at asking, and 71% were sold over asking.
Days on Market for Sudley, VA
How long does it take to sell a home in Sudley, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 5 Days | -74.8% |
Summary: Homes in Sudley had an average of 5 days on market in Apr 2024, down by 74.8% compared to last year.
Breakdown of Home Sale Times
14 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 Sudley are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Sudley; 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.
