Is Triangle, 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, Triangle has remained a Seller's Market.
Key Takeaway
Triangle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Triangle, VA
How much do homes in Triangle, VA cost?
Median Sold Price
$492,500
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Triangle have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Triangle was $492,500 in May 2024, up 2.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $283K | N/A |
| 3 Bedrooms | $367.9K | $420K | +14.1% |
| 4 Bedrooms | $527.5K | $599.9K | +13.7% |
| 5+ Bedrooms | $627.5K | $692.5K | +10.4% |
Summary: Triangle 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 did not change, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Triangle | $482.5K | $492.5K | +2.1% |
| Cherry Hill | $552.7K | $561.2K | +1.5% |
Housing Supply in Triangle, VA
How many homes are available in Triangle, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Summary: The Triangle real estate market had 31 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Triangle 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Triangle, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Triangle in May 2024, down by 41.7% month-over-month. Of the 7 sold homes, 0% were sold under asking, 29% were sold at asking, and 71% were sold over asking.
Days on Market for Triangle, VA
How long does it take to sell a home in Triangle, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 6 Days | -3.6% |
Summary: Homes in Triangle had an average of 6 days on market in May 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
7 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 Triangle are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Triangle; 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.
