$5,688 Closing Credit*
$479,000
2,801 SqFt
3 Beds
•4 Full Baths
Tammy K Siever, Listing Office: CENTURY 21 New Millennium
Is Back Creek, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Back Creek has remained a Seller's Market.
Key Takeaway
Back Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Back Creek, VA
How much do homes in Back Creek, VA cost?
Median Sold Price
$379,450
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,955(+1.3%)
Key Takeaway
Homes in Back Creek have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Back Creek was $379,450 in November 2024, up 1.3% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $176K | +3.5% |
| 2 Bedrooms | $244.9K | $249K | +1.7% |
| 3 Bedrooms | $349.9K | $352K | +0.6% |
| 4 Bedrooms | $560K | $580K | +3.6% |
| 5+ Bedrooms | $739K | $743.5K | +0.6% |
Summary: Back Creek housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Winchester | $365K | $388.9K | +6.6% |
| Stephens City | $383K | $399.9K | +4.4% |
| Back Creek | $374.4K | $379.4K | +1.3% |
Housing Supply in Back Creek, VA
How many homes are available in Back Creek, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 91 | 88 | -3.3% |
Summary: The Back Creek real estate market had 88 homes for sale in November 2024, a 3.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 42 | 43 | +2.4% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Back Creek 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 10%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Back Creek, expect to pay close to the asking price. 35.3% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Back Creek in November 2024, down by 5.6% month-over-month. Of the 17 sold homes, 29% were sold under asking, 35% were sold at asking, and 35% were sold over asking.
Days on Market for Back Creek, VA
How long does it take to sell a home in Back Creek, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 66 Days | +19.9% |
Summary: Homes in Back Creek had an average of 66 days on market in Nov 2024, up by 19.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Back Creek are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Back Creek; 41% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
