Is Woodbridge, 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, Woodbridge has remained a Seller's Market.
Key Takeaway
Woodbridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Woodbridge, VA
How much do homes in Woodbridge, VA cost?
Median Sold Price
$480,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Woodbridge have sold for 8% more than they did a year ago.
Summary: The median home sold price in Woodbridge was $480,000 in April 2024, up 8% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197.5K | $200K | +1.3% |
| 2 Bedrooms | $340K | $340K | 0.0% |
| 3 Bedrooms | $410K | $440K | +7.3% |
| 4 Bedrooms | $521.4K | $550K | +5.5% |
| 5+ Bedrooms | $625K | $705K | +12.8% |
Summary: Woodbridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Woodbridge | $444.4K | $480K | +8.0% |
| Neabsco | $415K | $441K | +6.3% |
| Mount Vernon | $651.6K | $669.5K | +2.7% |
Housing Supply in Woodbridge, VA
How many homes are available in Woodbridge, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 412 | 502 | +21.8% |
Summary: The Woodbridge real estate market had 502 homes for sale in April 2024, a 21.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 41 | 43 | +4.9% |
| 3 Bedrooms | 163 | 193 | +18.4% |
| 4 Bedrooms | 146 | 185 | +26.7% |
| 5+ Bedrooms | 60 | 76 | +26.7% |
Summary: The Woodbridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 172 | 143 | -16.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
105 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodbridge, you could pay more than the asking price. 73.4% of homes here sold above asking price last month.
Summary: A total of 143 homes were sold or pending in Woodbridge in April 2024, down by 16.9% month-over-month. Of the 143 sold homes, 12% were sold under asking, 15% were sold at asking, and 73% were sold over asking.
Days on Market for Woodbridge, VA
How long does it take to sell a home in Woodbridge, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 8 Days | -38.2% |
Summary: Homes in Woodbridge had an average of 8 days on market in Apr 2024, down by 38.2% compared to last year.
Breakdown of Home Sale Times
137 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woodbridge are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 143 homes were sold in Woodbridge; 96% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
