Is Sully, 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, Sully has remained a Seller's Market.
Key Takeaway
Sully is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sully, VA
How much do homes in Sully, VA cost?
Median Sold Price
$660,204
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sully have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Sully was $660,204 in March 2024, up 6.7% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $280K | +9.8% |
| 2 Bedrooms | $375K | $400K | +6.7% |
| 3 Bedrooms | $540K | $567.7K | +5.1% |
| 4 Bedrooms | $806.5K | $830.1K | +2.9% |
| 5+ Bedrooms | $1.0M | $1.0M | -1.2% |
Summary: Sully housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Fairfax | $649.9K | $716.2K | +10.2% |
| Chantilly | $666.8K | $729K | +9.3% |
| Hunter Mill | $658.3K | $703.1K | +6.8% |
| Sully | $618.6K | $660.2K | +6.7% |
| Providence | $616.1K | $635.2K | +3.1% |
Housing Supply in Sully, VA
How many homes are available in Sully, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 466 | 577 | +23.8% |
Summary: The Sully real estate market had 577 homes for sale in March 2024, a 23.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 24 | +84.6% |
| 2 Bedrooms | 71 | 90 | +26.8% |
| 3 Bedrooms | 161 | 194 | +20.5% |
| 4 Bedrooms | 150 | 178 | +18.7% |
| 5+ Bedrooms | 71 | 91 | +28.2% |
Summary: The Sully housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 84.6%, 2 bedroom homes increased by 26.8%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 28.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 76 | 121 | +59.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
93 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sully, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 121 homes were sold or pending in Sully in March 2024, up by 59.2% month-over-month. Of the 121 sold homes, 7% were sold under asking, 17% were sold at asking, and 77% were sold over asking.
Days on Market for Sully, VA
How long does it take to sell a home in Sully, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 11 Days | 7 Days | -28.8% |
Summary: Homes in Sully had an average of 7 days on market in Mar 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
116 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sully are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 121 homes were sold in Sully; 96% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
Copyright © 2024 REIN, Inc - All Rights Reserved. Information Deemed Reliable But Not Guaranteed.