Is Varina, 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, Varina has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $266K | -3.3% |
2 Bedrooms | $218K | $220K | +0.9% |
3 Bedrooms | $254K | $270K | +6.3% |
4 Bedrooms | $315K | $349.5K | +11.0% |
5+ Bedrooms | $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%.
Housing Supply in Varina, VA
How many homes are available in Varina, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
205 | 239 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 39 | 39 | 0.0% |
3 Bedrooms | 105 | 124 | +18.1% |
4 Bedrooms | 51 | 66 | +29.4% |
5+ Bedrooms | 9 | 9 | 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 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 64 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 26 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
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.