Is Varina, 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, Varina has remained a Seller's Market.
Housing Prices in Varina, VA
How much do homes in Varina, VA cost?
Median Sold Price
$285,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Varina was $285,000 in March 2024, up 4.5% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $251K | $269K | +7.2% |
2 Bedrooms | $221K | $220K | -0.5% |
3 Bedrooms | $252.5K | $268K | +6.1% |
4 Bedrooms | $315K | $343.5K | +9.0% |
5+ Bedrooms | $390K | $436K | +11.8% |
Summary: Varina housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 11.8%.
Housing Supply in Varina, VA
How many homes are available in Varina, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
206 | 206 | 0.0% |
Summary: The Varina real estate market had 206 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 38 | 35 | -7.9% |
3 Bedrooms | 97 | 105 | +8.2% |
4 Bedrooms | 55 | 53 | -3.6% |
5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Varina housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 45 | -22.4% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Varina in March 2024, down by 22.4% month-over-month. Of the 43 sold homes, 53% were sold under asking, 19% were sold at asking, and 28% were sold over asking.
Days on Market for Varina, VA
How long does it take to sell a home in Varina, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 34 Days | -14.1% |
Summary: Homes in Varina had an average of 34 days on market in Mar 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 45 homes were sold in Varina; 80% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.