Is Varina, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Varina is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Varina has remained a Seller's Market.

Key Takeaway

Varina is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Varina, VA

How much do homes in Varina, VA cost?

Median Sold Price

$290,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$16,837(+6.2%)

Key Takeaway

Homes in Varina have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Varina was $290,000 in April 2024, up 6.2% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $275K$266K
-3.3%
2 $218K$220K
+0.9%
3 $254K$270K
+6.3%
4 $315K$349.5K
+11.0%
5+ $391K$436K
+11.5%

Summary: Varina housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 11.5%.

Median Sold Price Compared To Nearby Cities

Sandston
+10.4%
Henrico
+8.4%
Varina
+6.2%
Bermuda
+2.9%
Chester
+2.5%

Housing Supply in Varina, VA

How many homes are available in Varina, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
205239+16.6%

Summary: The Varina real estate market had 239 homes for sale in April 2024, a 16.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 3939
0.0%
3 105124
+18.1%
4 5166
+29.4%
5+ 99
0.0%

Summary: The Varina 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 remained the same, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4764+36.2%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Varina, you could pay more than the asking price. 53.1% of homes here sold above asking price last month.

Summary: A total of 64 homes were sold or pending in Varina in April 2024, up by 36.2% month-over-month. Of the 64 sold homes, 28% were sold under asking, 19% were sold at asking, and 53% were sold over asking.

Days on Market for Varina, VA

How long does it take to sell a home in Varina, VA?

Average Sale Time

Apr 2023Apr 2024CHANGE
23 Days26 Days+9.0%

Summary: Homes in Varina had an average of 26 days on market in Apr 2024, up by 9% compared to last year.

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Varina are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 64 homes were sold in Varina; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in Varina, VA

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