Is Neabsco, 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, Neabsco has remained a Seller's Market.
Key Takeaway
Neabsco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Neabsco, VA
How much do homes in Neabsco, VA cost?
Median Sold Price
$441,006
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Neabsco have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Neabsco was $441,006 in April 2024, up 6.3% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $279.5K | $394.7K | +41.2% |
| 3 Bedrooms | $372.6K | $410K | +10.0% |
| 4 Bedrooms | $440K | $470K | +6.8% |
| 5+ Bedrooms | $506.5K | $500K | -1.3% |
Summary: Neabsco 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 41.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Coles | $550.6K | $599.9K | +9.0% |
| Woodbridge | $444.4K | $480K | +8.0% |
| Neabsco | $415K | $441K | +6.3% |
Housing Supply in Neabsco, VA
How many homes are available in Neabsco, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 108 | 102 | -5.6% |
Summary: The Neabsco real estate market had 102 homes for sale in April 2024, a 5.6% decrease 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 55 | 45 | -18.2% |
| 4 Bedrooms | 31 | 37 | +19.4% |
| 5+ Bedrooms | 16 | 12 | -25.0% |
Summary: The Neabsco 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 33.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 32 | -25.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Neabsco, you could pay more than the asking price. 59.4% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Neabsco in April 2024, down by 25.6% month-over-month. Of the 32 sold homes, 22% were sold under asking, 19% were sold at asking, and 59% were sold over asking.
Days on Market for Neabsco, VA
How long does it take to sell a home in Neabsco, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 9 Days | +45.1% |
Summary: Homes in Neabsco had an average of 9 days on market in Apr 2024, up by 45.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Neabsco are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 32 homes were sold in Neabsco; 97% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
