Is Lanexa, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lanexa was a Buyer's Market.
Housing Prices in Lanexa, VA
How much do homes in Lanexa, VA cost?
Median Sold Price
$420,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lanexa was $420,000 in April 2024, up 10.5% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $66K | -78.0% |
2 Bedrooms | $167.4K | $238K | +42.1% |
3 Bedrooms | $365K | $420K | +15.1% |
4 Bedrooms | $561.2K | $564.9K | +0.7% |
5+ Bedrooms | $730K | $945K | +29.5% |
Summary: Lanexa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78%, 2 bedroom homes increased by 42.1%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 29.5%.
Median Sold Price Compared To Nearby Cities
Lanexa | $380K | $420K | +10.5% |
Providence Forge | $519.1K | $558.2K | +7.5% |
West Point | $298K | $315K | +5.7% |
Stonehouse | $420K | $420K | 0.0% |
Housing Supply in Lanexa, VA
How many homes are available in Lanexa, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 45 | +18.4% |
Summary: The Lanexa real estate market had 45 homes for sale in April 2024, a 18.4% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 20 | 25 | +25.0% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lanexa 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Lanexa in April 2024, up by 80.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Lanexa, VA
How long does it take to sell a home in Lanexa, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 30 Days | +70.4% |
Summary: Homes in Lanexa had an average of 30 days on market in Apr 2024, up by 70.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Lanexa; 78% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.