$1,069 Closing Credit*
$90,000
1,018 SqFt
Listing Office: Keller Williams Classic Rlty NW
Is Virginia, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Virginia has remained a Seller's Market.
Key Takeaway
Virginia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Virginia, MN
How much do homes in Virginia, MN cost?
Median Sold Price
$143,600
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$28,600(+24.9%)
Key Takeaway
Homes in Virginia have sold for 24.9% more than they did a year ago.
Summary: The median home sold price in Virginia was $143,600 in December 2024, up 24.9% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $174K | +167.7% |
| 2 Bedrooms | $117K | $144.2K | +23.2% |
| 3 Bedrooms | $127K | $124.9K | -1.7% |
| 4 Bedrooms | $216.7K | $172.3K | -20.5% |
| 5+ Bedrooms | $88.4K | $270K | +205.4% |
Summary: Virginia housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 167.7%, 2 bedroom homes increased by 23.2%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 20.5%, and 5+ bedroom homes increased by 205.4%.
Housing Supply in Virginia, MN
How many homes are available in Virginia, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 29 | 20 | -31.0% |
Summary: The Virginia real estate market had 20 homes for sale in December 2024, a 31.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 13 | 8 | -38.5% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Virginia housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Virginia, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Virginia in December 2024, down by 40.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Virginia, MN
How long does it take to sell a home in Virginia, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 61 Days | 84 Days | +38.5% |
Summary: Homes in Virginia had an average of 84 days on market in Dec 2024, up by 38.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Virginia are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 6 homes were sold in Virginia; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
