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 February 2023

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.

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

+$34,994(+8.0%)

Key Takeaway

Homes in Woodbridge have sold for 8% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $195K$200K
+2.6%
2 $343.5K$334.5K
-2.6%
3 $404.9K$432.6K
+6.9%
4 $515K$548.2K
+6.5%
5+ $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
+8.0%
Neabsco
+4.5%
Mount Vernon
+1.9%

Housing Supply in Woodbridge, VA

How many homes are available in Woodbridge, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
559628+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

# BEDSJan 2024Feb 2024CHANGE
1 55
0.0%
2 4151
+24.4%
3 197227
+15.2%
4 205234
+14.1%
5+ 111111
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 2024Feb 2024CHANGE
102136+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodbridge, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
34 Days19 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 28 Days Ago

Newest Listings in Woodbridge, VA

Nearby Markets to Woodbridge, VA

What housing markets are near Woodbridge, VA?