Is Woodlawn, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Woodlawn has remained a Seller's Market.
Key Takeaway
Woodlawn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Woodlawn, VA
How much do homes in Woodlawn, VA cost?
Median Sold Price
$299,999
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Woodlawn have sold for 1% more than they did a year ago.
Summary: The median home sold price in Woodlawn was $299,999 in April 2024, up 1% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $198K | $207K | +4.5% |
| 2 Bedrooms | $233.5K | $269.5K | +15.4% |
| 3 Bedrooms | $371.5K | $418K | +12.5% |
| 4 Bedrooms | $553K | $505K | -8.7% |
| 5+ Bedrooms | $702.1K | $692.5K | -1.4% |
Summary: Woodlawn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Pinewood Lake | $480K | $490K | +2.1% |
| Woodlawn | $297K | $299.9K | +1.0% |
Housing Supply in Woodlawn, VA
How many homes are available in Woodlawn, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 49 | +48.5% |
Summary: The Woodlawn real estate market had 49 homes for sale in April 2024, a 48.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 13 | 20 | +53.8% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Woodlawn 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 increased by 9.1%, 3 bedroom homes increased by 53.8%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodlawn, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Woodlawn in April 2024, up by 16.7% month-over-month. Of the 14 sold homes, 14% were sold under asking, 50% were sold at asking, and 36% were sold over asking.
Days on Market for Woodlawn, VA
How long does it take to sell a home in Woodlawn, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 11 Days | 0.2% |
Summary: Homes in Woodlawn had an average of 11 days on market in Apr 2024, up by 0.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woodlawn are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Woodlawn; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
