Is Landmark / Van Dorn, 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, Landmark / Van Dorn has remained a Seller's Market.
Key Takeaway
Landmark / Van Dorn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Landmark / Van Dorn, VA
How much do homes in Landmark / Van Dorn, VA cost?
Median Sold Price
$350,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Landmark / Van Dorn have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Landmark / Van Dorn was $350,000 in April 2024, up 6.5% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $236K | $248K | +5.1% |
| 2 Bedrooms | $325K | $349.9K | +7.7% |
| 3 Bedrooms | $602.5K | $660K | +9.5% |
| 4 Bedrooms | $877.5K | $987.5K | +12.5% |
| 5+ Bedrooms | $907K | $975K | +7.5% |
Summary: Landmark / Van Dorn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Cameron Station | $672.7K | $743.5K | +10.5% |
| Lincolnia | $615K | $670K | +8.9% |
| Landmark / Van Dorn | $328.5K | $350K | +6.5% |
Housing Supply in Landmark / Van Dorn, VA
How many homes are available in Landmark / Van Dorn, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 82 | 87 | +6.1% |
Summary: The Landmark / Van Dorn real estate market had 87 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 28 | +12.0% |
| 2 Bedrooms | 28 | 28 | 0.0% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Landmark / Van Dorn housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12%, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 28 | -15.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Landmark / Van Dorn, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Landmark / Van Dorn in April 2024, down by 15.2% month-over-month. Of the 28 sold homes, 7% were sold under asking, 36% were sold at asking, and 57% were sold over asking.
Days on Market for Landmark / Van Dorn, VA
How long does it take to sell a home in Landmark / Van Dorn, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 5 Days | -71.7% |
Summary: Homes in Landmark / Van Dorn had an average of 5 days on market in Apr 2024, down by 71.7% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Landmark / Van Dorn are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in Landmark / Van Dorn; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
