$534 Closing Credit*
$45,000
880 SqFt
2 Beds
•2 Baths
Jim Burke, Listing Office: Keller Williams Classic Realty NW
Is Virginia, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Virginia was a Buyer'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
$124,900
$73/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$52,500(+72.5%)
Key Takeaway
Homes in Virginia have sold for 72.5% more than they did a month ago.
Summary: The median home sold price in Virginia was $124,900 in November 2024, up 72.5% from last month, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $174K | N/A |
| 2 Bedrooms | $60K | $20K | -66.7% |
| 3 Bedrooms | $311K | $124.9K | -59.8% |
| 4 Bedrooms | - | $73.1K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Virginia housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 59.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Virginia | $72.4K | $124.9K | +72.5% |
| Gilbert | $181.9K | $270K | +48.4% |
Housing Supply in Virginia, MN
How many homes are available in Virginia, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Summary: The Virginia real estate market had 27 homes for sale in November 2024, a 6.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Virginia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Virginia, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Virginia in November 2024, up by 150.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 55 Days | +17.3% |
Summary: Homes in Virginia had an average of 55 days on market in Nov 2024, up by 17.3% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Virginia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Virginia; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
