Is Sully, 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, Sully has remained a Seller's Market.
Key Takeaway
Sully is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sully, VA
How much do homes in Sully, VA cost?
Median Sold Price
$676,460
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sully have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Sully was $676,460 in April 2024, up 10.3% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $280K | +9.8% |
| 2 Bedrooms | $375K | $404.1K | +7.8% |
| 3 Bedrooms | $540K | $577.5K | +7.0% |
| 4 Bedrooms | $791.5K | $846.3K | +6.9% |
| 5+ Bedrooms | $1.0M | $1.0M | -1.3% |
Summary: Sully housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Chantilly | $657.8K | $750K | +14.0% |
| Sully | $613.2K | $676.4K | +10.3% |
| Fairfax | $671.4K | $725K | +8.0% |
| Hunter Mill | $657.6K | $702.7K | +6.9% |
| Providence | $625.7K | $629.6K | +0.6% |
Housing Supply in Sully, VA
How many homes are available in Sully, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 342 | 454 | +32.7% |
Summary: The Sully real estate market had 454 homes for sale in April 2024, a 32.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 28 | +55.6% |
| 2 Bedrooms | 60 | 66 | +10.0% |
| 3 Bedrooms | 113 | 155 | +37.2% |
| 4 Bedrooms | 94 | 126 | +34.0% |
| 5+ Bedrooms | 57 | 79 | +38.6% |
Summary: The Sully housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 55.6%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 37.2%, 4 bedroom homes increased by 34%, and 5+ bedroom homes increased by 38.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 132 | 156 | +18.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
116 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sully, you could pay more than the asking price. 74.4% of homes here sold above asking price last month.
Summary: A total of 156 homes were sold or pending in Sully in April 2024, up by 18.2% month-over-month. Of the 156 sold homes, 11% were sold under asking, 15% were sold at asking, and 74% were sold over asking.
Days on Market for Sully, VA
How long does it take to sell a home in Sully, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 5 Days | -55.3% |
Summary: Homes in Sully had an average of 5 days on market in Apr 2024, down by 55.3% compared to last year.
Breakdown of Home Sale Times
153 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sully are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 156 homes were sold in Sully; 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.
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