Is Braddock, 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, Braddock has remained a Seller's Market.
Key Takeaway
Braddock is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Braddock, VA
How much do homes in Braddock, VA cost?
Median Sold Price
$721,000
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Braddock have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Braddock was $721,000 in May 2024, up 6.8% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.9K | $210K | +8.8% |
| 2 Bedrooms | $260K | $320K | +23.1% |
| 3 Bedrooms | $539K | $590K | +9.5% |
| 4 Bedrooms | $733.3K | $800K | +9.1% |
| 5+ Bedrooms | $893K | $900K | +0.8% |
Summary: Braddock housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Fairfax | $677.1K | $730.2K | +7.9% |
| Mason | $629.3K | $677.5K | +7.6% |
| Braddock | $675K | $721K | +6.8% |
| Springfield | $687.3K | $723.2K | +5.2% |
| Providence | $617.1K | $636.4K | +3.1% |
Housing Supply in Braddock, VA
How many homes are available in Braddock, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 198 | 257 | +29.8% |
Summary: The Braddock real estate market had 257 homes for sale in May 2024, a 29.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 47 | 68 | +44.7% |
| 4 Bedrooms | 81 | 105 | +29.6% |
| 5+ Bedrooms | 52 | 61 | +17.3% |
Summary: The Braddock housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 44.7%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes increased by 17.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 66 | -1.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
52 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Braddock, you could pay more than the asking price. 78.8% of homes here sold above asking price last month.
Summary: A total of 66 homes were sold or pending in Braddock in May 2024, down by 1.5% month-over-month. Of the 66 sold homes, 12% were sold under asking, 9% were sold at asking, and 79% were sold over asking.
Days on Market for Braddock, VA
How long does it take to sell a home in Braddock, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 6 Days | -38.3% |
Summary: Homes in Braddock had an average of 6 days on market in May 2024, down by 38.3% compared to last year.
Breakdown of Home Sale Times
65 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 Braddock are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 66 homes were sold in Braddock; 98% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
