Is Sudley, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sudley has remained a Seller's Market.
Housing Prices in Sudley, VA
How much do homes in Sudley, VA cost?
Median Sold Price
$430,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sudley was $430,000 in May 2024, up 7.5% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $360K | $310K | -13.9% |
3 Bedrooms | $365K | $377.5K | +3.4% |
4 Bedrooms | $479K | $510K | +6.5% |
5+ Bedrooms | $505K | $540K | +6.9% |
Summary: Sudley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Neighborhoods
Sudley | $400K | $430K | +7.5% |
Bull Run District | $570.9K | $611.1K | +7.0% |
Loch Lomond | $446K | $460K | +3.1% |
Bull Run | $846.7K | $797.5K | -5.8% |
Housing Supply in Sudley, VA
How many homes are available in Sudley, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 45 | +9.8% |
Summary: The Sudley real estate market had 45 homes for sale in May 2024, a 9.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Sudley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Sudley in May 2024, up by 21.4% month-over-month. Of the 17 sold homes, 18% were sold under asking, 18% were sold at asking, and 65% were sold over asking.
Days on Market for Sudley, VA
How long does it take to sell a home in Sudley, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 12 Days | +118.5% |
Summary: Homes in Sudley had an average of 12 days on market in May 2024, up by 118.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Sudley; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.