Is Back Creek, 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, Back Creek has remained a Seller's Market.
Housing Prices in Back Creek, VA
How much do homes in Back Creek, VA cost?
Median Sold Price
$361,633
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Back Creek was $361,633 in April 2024, down 7.2% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $122K | -18.7% |
2 Bedrooms | $200K | $244.9K | +22.5% |
3 Bedrooms | $330K | $345K | +4.5% |
4 Bedrooms | $557.5K | $585K | +4.9% |
5+ Bedrooms | $689.3K | $841K | +22.0% |
Summary: Back Creek housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.7%, 2 bedroom homes increased by 22.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Cities
Stephens City | $352K | $387.9K | +10.2% |
Winchester | $343.5K | $371.9K | +8.3% |
Back Creek | $389.9K | $361.6K | -7.2% |
Housing Supply in Back Creek, VA
How many homes are available in Back Creek, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 96 | +12.9% |
Summary: The Back Creek real estate market had 96 homes for sale in April 2024, a 12.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 41 | 50 | +22.0% |
4 Bedrooms | 22 | 25 | +13.6% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Back Creek housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 24 | +60.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Back Creek in April 2024, up by 60.0% month-over-month. Of the 24 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% were sold over asking.
Days on Market for Back Creek, VA
How long does it take to sell a home in Back Creek, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 52 Days | +180.3% |
Summary: Homes in Back Creek had an average of 52 days on market in Apr 2024, up by 180.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Back Creek; 54% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.