Is Glen Allen, 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, Glen Allen has remained a Seller's Market.
Housing Prices in Glen Allen, VA
How much do homes in Glen Allen, VA cost?
Median Sold Price
$479,460
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Glen Allen was $479,460 in April 2024, up 4.2% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160.2K | $180.2K | +12.5% |
2 Bedrooms | $253.3K | $275K | +8.5% |
3 Bedrooms | $385K | $410.1K | +6.5% |
4 Bedrooms | $480.2K | $526K | +9.5% |
5+ Bedrooms | $738K | $800K | +8.4% |
Summary: Glen Allen housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
South Anna | $440K | $503.8K | +14.5% |
Brookland | $337.1K | $372.9K | +10.6% |
Chickahominy | $451.3K | $497.8K | +10.3% |
Three Chopt | $469.2K | $506.2K | +7.9% |
Glen Allen | $460K | $479.4K | +4.2% |
Housing Supply in Glen Allen, VA
How many homes are available in Glen Allen, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
235 | 267 | +13.6% |
Summary: The Glen Allen real estate market had 267 homes for sale in April 2024, a 13.6% 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 | 14 | 15 | +7.1% |
3 Bedrooms | 104 | 109 | +4.8% |
4 Bedrooms | 64 | 75 | +17.2% |
5+ Bedrooms | 53 | 68 | +28.3% |
Summary: The Glen Allen 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 increased by 7.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 28.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 68 | +17.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 68 homes were sold or pending in Glen Allen in April 2024, up by 17.2% month-over-month. Of the 66 sold homes, 21% were sold under asking, 18% were sold at asking, and 61% were sold over asking.
Days on Market for Glen Allen, VA
How long does it take to sell a home in Glen Allen, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 18 Days | +23.2% |
Summary: Homes in Glen Allen had an average of 18 days on market in Apr 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 68 homes were sold in Glen Allen; 87% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.