Is Woodbridge, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$474,996
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Woodbridge was $474,996 in February 2024, up 8% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $200K | +2.6% |
2 Bedrooms | $343.5K | $334.5K | -2.6% |
3 Bedrooms | $404.9K | $432.6K | +6.9% |
4 Bedrooms | $515K | $548.2K | +6.5% |
5+ Bedrooms | $622.5K | $694K | +11.5% |
Summary: Woodbridge housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 11.5%.
Median Sold Price Compared To Nearby Cities
Woodbridge | $440K | $474.9K | +8.0% |
Neabsco | $414.1K | $432.6K | +4.5% |
Mount Vernon | $650K | $662K | +1.9% |
Housing Supply in Woodbridge, VA
How many homes are available in Woodbridge, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
559 | 628 | +12.3% |
Summary: The Woodbridge real estate market had 628 homes for sale in February 2024, a 12.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 41 | 51 | +24.4% |
3 Bedrooms | 197 | 227 | +15.2% |
4 Bedrooms | 205 | 234 | +14.1% |
5+ Bedrooms | 111 | 111 | 0.0% |
Summary: The Woodbridge housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
102 | 136 | +33.3% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
72 Homes Were Sold
Over Asking
Summary: A total of 136 homes were sold or pending in Woodbridge in February 2024, up by 33.3% month-over-month. Of the 136 sold homes, 26% were sold under asking, 21% were sold at asking, and 53% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
34 Days | 19 Days | -41.9% |
Summary: Homes in Woodbridge had an average of 19 days on market in Feb 2024, down by 41.9% compared to last year.
Breakdown of Home Sale Times
115 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 136 homes were sold in Woodbridge; 85% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.