Is Annandale, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Annandale is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Annandale has remained a Seller's Market.

Key Takeaway

Annandale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Annandale, VA

How much do homes in Annandale, VA cost?

Median Sold Price

$735,000

$342/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$75,561(+11.5%)

Key Takeaway

Homes in Annandale have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in Annandale was $735,000 in November 2024, up 11.5% from last year, and the median price per square foot was $342.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $197.4K$210K
+6.3%
2 $268.5K$260K
-3.2%
3 $585K$650K
+11.1%
4 $731.5K$777K
+6.2%
5+ $835K$920K
+10.2%

Summary: Annandale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 10.2%.

Housing Supply in Annandale, VA

How many homes are available in Annandale, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
144141-2.1%

Summary: The Annandale real estate market had 141 homes for sale in November 2024, a 2.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 76
-14.3%
2 1316
+23.1%
3 3331
-6.1%
4 5451
-5.6%
5+ 3737
0.0%

Summary: The Annandale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4746-2.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Annandale, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.

Summary: A total of 46 homes were sold or pending in Annandale in November 2024, down by 2.1% month-over-month. Of the 46 sold homes, 39% were sold under asking, 13% were sold at asking, and 48% were sold over asking.

Days on Market for Annandale, VA

How long does it take to sell a home in Annandale, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days15 Days-14.6%

Summary: Homes in Annandale had an average of 15 days on market in Nov 2024, down by 14.6% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Annandale are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 46 homes were sold in Annandale; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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