Is Waterfront, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Waterfront was a Seller's Market.
Housing Prices in Waterfront, VA
How much do homes in Waterfront, VA cost?
Median Sold Price
$1,003,500
$730/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Waterfront was $1,003,500 in April 2024, down 19.7% from last year, and the median price per square foot was $730.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $532.4K | $597.4K | +12.2% |
2 Bedrooms | $992.6K | $985.4K | -0.7% |
3 Bedrooms | $1.6M | $1.7M | +7.0% |
4 Bedrooms | $2.7M | $2.4M | -14.0% |
5+ Bedrooms | - | - | N/A |
Summary: Waterfront housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Potomac Yards / Potomac Greens | $950K | $1.0M | +8.4% |
Old Town | $1.0M | $1.0M | +2.9% |
Old Town North | $717.5K | $680K | -5.2% |
Waterfront | $1.2M | $1.0M | -19.7% |
Housing Supply in Waterfront, VA
How many homes are available in Waterfront, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 31 | -6.1% |
Summary: The Waterfront real estate market had 31 homes for sale in April 2024, a 6.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 8 | +100.0% |
2 Bedrooms | 21 | 16 | -23.8% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Waterfront housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 23.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 5 | -58.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Waterfront in April 2024, down by 58.3% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Waterfront, VA
How long does it take to sell a home in Waterfront, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 17 Days | -57.7% |
Summary: Homes in Waterfront had an average of 17 days on market in Apr 2024, down by 57.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Waterfront; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.