Is Embrey Mill, 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, Embrey Mill has remained a Seller's Market.
Key Takeaway
Embrey Mill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Embrey Mill, VA
How much do homes in Embrey Mill, VA cost?
Median Sold Price
$650,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Embrey Mill have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Embrey Mill was $650,000 in May 2024, up 0.8% 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 | - | - | N/A |
| 3 Bedrooms | $510K | $505K | -1.0% |
| 4 Bedrooms | $660K | $685K | +3.8% |
| 5+ Bedrooms | $724.9K | $703.2K | -3.0% |
Summary: Embrey Mill 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 decreased by 1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Neighborhoods
| Austin Ridge | $610K | $685K | +12.3% |
| Hampton Oaks | $550K | $590K | +7.3% |
| Embrey Mill | $645K | $650K | +0.8% |
Housing Supply in Embrey Mill, VA
How many homes are available in Embrey Mill, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Summary: The Embrey Mill real estate market had 26 homes for sale in May 2024, a 13.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Embrey Mill 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Embrey Mill, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Embrey Mill in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Embrey Mill, VA
How long does it take to sell a home in Embrey Mill, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 11 Days | +32.2% |
Summary: Homes in Embrey Mill had an average of 11 days on market in May 2024, up by 32.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Embrey Mill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Embrey Mill; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
