Is Sunburst, 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, Sunburst has remained a Seller's Market.
Key Takeaway
Sunburst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sunburst, VA
How much do homes in Sunburst, VA cost?
Median Sold Price
$314,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sunburst have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Sunburst was $314,000 in March 2024, up 4.2% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $166.4K | $219.9K | +32.1% |
| 3 Bedrooms | $265K | $282K | +6.4% |
| 4 Bedrooms | $370K | $374K | +1.1% |
| 5+ Bedrooms | $369.9K | $414.5K | +12.1% |
Summary: Sunburst 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 increased by 32.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 12.1%.
Housing Supply in Sunburst, VA
How many homes are available in Sunburst, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 38 | +100.0% |
Summary: The Sunburst real estate market had 38 homes for sale in March 2024, a 100.0% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 17 | 29 | +70.6% |
| 4 Bedrooms | 1 | 5 | +400.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Sunburst 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 increased by 100%, 3 bedroom homes increased by 70.6%, 4 bedroom homes increased by 400%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sunburst, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Sunburst in March 2024, up by 80.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 56% were sold at asking, and 22% were sold over asking.
Days on Market for Sunburst, VA
How long does it take to sell a home in Sunburst, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 12 Days | -81.6% |
Summary: Homes in Sunburst had an average of 12 days on market in Mar 2024, down by 81.6% compared to last year.
Breakdown of Home Sale Times
8 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 Sunburst are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Sunburst; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.