Is Woodbridge, 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, Woodbridge has remained a Seller's Market.
Housing Prices in Woodbridge, VA
How much do homes in Woodbridge, VA cost?
Median Sold Price
$475,400
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Woodbridge was $475,400 in March 2024, up 7.7% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $197.5K | $200K | +1.3% |
2 Bedrooms | $335K | $336K | 0.3% |
3 Bedrooms | $405K | $435K | +7.4% |
4 Bedrooms | $516.6K | $550K | +6.5% |
5+ Bedrooms | $625K | $700K | +12.0% |
Summary: Woodbridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Cities
Woodbridge | $441.6K | $475.4K | +7.7% |
Neabsco | $415K | $438.6K | +5.7% |
Mount Vernon | $650K | $660.6K | +1.6% |
Housing Supply in Woodbridge, VA
How many homes are available in Woodbridge, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
637 | 669 | +5.0% |
Summary: The Woodbridge real estate market had 669 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 52 | 56 | +7.7% |
3 Bedrooms | 228 | 248 | +8.8% |
4 Bedrooms | 238 | 244 | +2.5% |
5+ Bedrooms | 114 | 117 | +2.6% |
Summary: The Woodbridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
150 | 146 | -2.7% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
81 Homes Were Sold
Over Asking
Summary: A total of 146 homes were sold or pending in Woodbridge in March 2024, down by 2.7% month-over-month. Of the 146 sold homes, 17% were sold under asking, 27% were sold at asking, and 55% were sold over asking.
Days on Market for Woodbridge, VA
How long does it take to sell a home in Woodbridge, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 15 Days | -32.6% |
Summary: Homes in Woodbridge had an average of 15 days on market in Mar 2024, down by 32.6% compared to last year.
Breakdown of Home Sale Times
128 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 146 homes were sold in Woodbridge; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.