Is George Washington, 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, George Washington has remained a Seller's Market.
Housing Prices in George Washington, VA
How much do homes in George Washington, VA cost?
Median Sold Price
$430,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in George Washington was $430,000 in April 2024, up 3.1% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $298K | N/A |
2 Bedrooms | $260K | $280K | +7.7% |
3 Bedrooms | $369.9K | $395.4K | +6.9% |
4 Bedrooms | $495K | $514.9K | +4.0% |
5+ Bedrooms | $610K | $594K | -2.6% |
Summary: George Washington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
Fredericksburg | $421.7K | $439.9K | +4.3% |
George Washington | $417K | $430K | +3.1% |
Fredericksburg | $430.1K | $439.9K | +2.3% |
James Madison | $439K | $447.6K | +2.0% |
Falmouth | $432K | $424.9K | -1.6% |
Housing Supply in George Washington, VA
How many homes are available in George Washington, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 69 | +16.9% |
Summary: The George Washington real estate market had 69 homes for sale in April 2024, a 16.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 6 | +200.0% |
3 Bedrooms | 22 | 25 | +13.6% |
4 Bedrooms | 27 | 27 | 0.0% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The George Washington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 13 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in George Washington in April 2024, down by 50.0% month-over-month. Of the 13 sold homes, 15% were sold under asking, 31% were sold at asking, and 54% were sold over asking.
Days on Market for George Washington, VA
How long does it take to sell a home in George Washington, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 8 Days | -59.7% |
Summary: Homes in George Washington had an average of 8 days on market in Apr 2024, down by 59.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in George Washington; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.