Is Bristow, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bristow has remained a Seller's Market.
Key Takeaway
Bristow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bristow, VA
How much do homes in Bristow, VA cost?
Median Sold Price
$645,625
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bristow have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Bristow was $645,625 in May 2024, up 1.7% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $412.5K | $476K | +15.4% |
| 3 Bedrooms | $500K | $520K | +4.0% |
| 4 Bedrooms | $700K | $740K | +5.7% |
| 5+ Bedrooms | $749.9K | $800K | +6.7% |
Summary: Bristow housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Manassas | $483.7K | $525.1K | +8.6% |
| Brentsville | $614.5K | $666.2K | +8.4% |
| Manassas | $477.3K | $510K | +6.8% |
| Bristow | $635K | $645.6K | +1.7% |
Housing Supply in Bristow, VA
How many homes are available in Bristow, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 74 | 82 | +10.8% |
Summary: The Bristow real estate market had 82 homes for sale in May 2024, a 10.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 26 | 22 | -15.4% |
| 4 Bedrooms | 21 | 31 | +47.6% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Bristow housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 47.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 20 | -47.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bristow, you could pay more than the asking price. 85% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Bristow in May 2024, down by 47.4% month-over-month. Of the 20 sold homes, 10% were sold under asking, 5% were sold at asking, and 85% were sold over asking.
Days on Market for Bristow, VA
How long does it take to sell a home in Bristow, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 8 Days | +61.3% |
Summary: Homes in Bristow had an average of 8 days on market in May 2024, up by 61.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bristow are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Bristow; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
