Is Woodbridge, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodbridge is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Woodbridge has remained a Seller's Market.

Key Takeaway

Woodbridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Woodbridge, VA cost?

Median Sold Price

$430,000

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$30,525(+7.6%)

Key Takeaway

Homes in Woodbridge have sold for 7.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $310K$316K
+1.9%
2 $336K$353K
+5.1%
3 $380K$409.9K
+7.9%
4 $467K$530K
+13.5%
5+ $679.5K$608.5K
-10.4%

Median Sold Price Compared To Nearby Cities

Neabsco
+7.7%
Woodbridge
+7.6%
Mount Vernon
+3.2%

How many homes are available in Woodbridge, VA?

Number of Homes For Sale

Sep 2022Oct 2022%
238242+1.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 10
-100.0%
2 1518
+20.0%
3 117104
-11.1%
4 7087
+24.3%
5+ 3533
-5.7%

Number of Homes Sold

Sep 2022Oct 2022%
5955-6.8%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodbridge, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Average Sale Time

Oct 2021Oct 2022%
17 Days27 Days+60.9%

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Woodbridge are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Woodbridge, VA

Homes for sale in Woodbridge, VA have reached 242. The inventory of homes for sale in Woodbridge, VA between September 2022 and October 2022 increased by 1.7%. The median list price of listings available in October 2022 was $430,000, while the average time on the real estate market was 27 days. Listing prices have changed in this real estate market between September 2022 and October 2022: prices of 1 bedroom properties increased by 1.9%, the cost of 2 bedrooms properties went up by 5.1%, 3 bedrooms properties became 7.9% more expensive, prices of 4 bedrooms properties went up by 13.5%, 5 bedrooms properties became 10.4% more cheaper. Volume of homes for sale changed: the quantity of 1 bedroom homes went down by 100%, 2 bedrooms homes inventory increased by 20%, 3 bedrooms homes became 11.1% less available, 4 bedrooms homes inventory increased by 24.3%, 5 bedrooms homes inventory decreased by 5.7%. Over 18 listings were sold over their listed price in October 2022 in Woodbridge, VA. In the same period over 15 listings were sold below the listed price and 22 listings were sold for the listed price.

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