Is Lee, 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, Lee has remained a Seller's Market.
Housing Prices in Lee, VA
How much do homes in Lee, VA cost?
Median Sold Price
$594,571
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lee was $594,571 in April 2024, up 3.4% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $265K | +23.3% |
2 Bedrooms | $393.3K | $407K | +3.5% |
3 Bedrooms | $579K | $591.9K | +2.2% |
4 Bedrooms | $651K | $685K | +5.2% |
5+ Bedrooms | $905K | $846.2K | -6.5% |
Summary: Lee housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.3%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
Alexandria | $597.2K | $640K | +7.2% |
Alexandria | $600K | $641.4K | +6.9% |
Mason | $637.2K | $675K | +5.9% |
Lee | $575K | $594.5K | +3.4% |
Mount Vernon | $651.6K | $669.5K | +2.7% |
Housing Supply in Lee, VA
How many homes are available in Lee, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
222 | 311 | +40.1% |
Summary: The Lee real estate market had 311 homes for sale in April 2024, a 40.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 37 | 51 | +37.8% |
3 Bedrooms | 90 | 136 | +51.1% |
4 Bedrooms | 50 | 71 | +42.0% |
5+ Bedrooms | 35 | 42 | +20.0% |
Summary: The Lee housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 37.8%, 3 bedroom homes increased by 51.1%, 4 bedroom homes increased by 42%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
96 | 101 | +5.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
70 Homes Were Sold
Over Asking
Summary: A total of 101 homes were sold or pending in Lee in April 2024, up by 5.2% month-over-month. Of the 101 sold homes, 10% were sold under asking, 21% were sold at asking, and 69% were sold over asking.
Days on Market for Lee, VA
How long does it take to sell a home in Lee, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 6 Days | -52.2% |
Summary: Homes in Lee had an average of 6 days on market in Apr 2024, down by 52.2% compared to last year.
Breakdown of Home Sale Times
99 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 101 homes were sold in Lee; 98% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.