Is Hunter Mill, 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, Hunter Mill has remained a Seller's Market.
Key Takeaway
Hunter Mill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hunter Mill, VA
How much do homes in Hunter Mill, VA cost?
Median Sold Price
$702,754
$348/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hunter Mill have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Hunter Mill was $702,754 in April 2024, up 6.9% from last year, and the median price per square foot was $348.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $299K | +4.9% |
| 2 Bedrooms | $374.9K | $395K | +5.4% |
| 3 Bedrooms | $590K | $635K | +7.6% |
| 4 Bedrooms | $876.3K | $925K | +5.6% |
| 5+ Bedrooms | $1.3M | $1.3M | +5.5% |
Summary: Hunter Mill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Sully | $613.2K | $676.4K | +10.3% |
| Herndon | $620.1K | $675K | +8.8% |
| Hunter Mill | $657.6K | $702.7K | +6.9% |
| Vienna | $1.0M | $1.0M | +3.1% |
| Providence | $625.7K | $629.6K | +0.6% |
Housing Supply in Hunter Mill, VA
How many homes are available in Hunter Mill, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 335 | 438 | +30.7% |
Summary: The Hunter Mill real estate market had 438 homes for sale in April 2024, a 30.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 18 | +28.6% |
| 2 Bedrooms | 81 | 104 | +28.4% |
| 3 Bedrooms | 77 | 107 | +39.0% |
| 4 Bedrooms | 66 | 94 | +42.4% |
| 5+ Bedrooms | 97 | 115 | +18.6% |
Summary: The Hunter Mill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 28.4%, 3 bedroom homes increased by 39%, 4 bedroom homes increased by 42.4%, and 5+ bedroom homes increased by 18.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 115 | 139 | +20.9% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
82 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hunter Mill, you could pay more than the asking price. 59% of homes here sold above asking price last month.
Summary: A total of 139 homes were sold or pending in Hunter Mill in April 2024, up by 20.9% month-over-month. Of the 139 sold homes, 26% were sold under asking, 15% were sold at asking, and 59% were sold over asking.
Days on Market for Hunter Mill, VA
How long does it take to sell a home in Hunter Mill, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 17 Days | +35.4% |
Summary: Homes in Hunter Mill had an average of 17 days on market in Apr 2024, up by 35.4% compared to last year.
Breakdown of Home Sale Times
120 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hunter Mill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 139 homes were sold in Hunter Mill; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
