$10,000 Closing Credit*
$1,500,000
4,100 SqFt
5 Beds
•5 Full Baths, 1 Partial
Corine C. Farhat, Listing Office: TTR Sothebys International Realty
Is Baileys, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Baileys has remained a Seller's Market.
Key Takeaway
Baileys is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baileys, VA
How much do homes in Baileys, VA cost?
Median Sold Price
$544,283
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,783(+6.2%)
Key Takeaway
Homes in Baileys have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Baileys was $544,283 in October 2024, up 6.2% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235.5K | $255K | +8.3% |
| 2 Bedrooms | $330K | $334.7K | +1.4% |
| 3 Bedrooms | $650K | $695K | +6.9% |
| 4 Bedrooms | $860K | $980K | +14.0% |
| 5+ Bedrooms | $1.0M | $1.0M | -0.1% |
Summary: Baileys housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 0.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Baileys | $512.5K | $544.2K | +6.2% |
| Bailey's Crossroads | $401K | $388.7K | -3.1% |
Housing Supply in Baileys, VA
How many homes are available in Baileys, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 108 | 107 | -0.9% |
Summary: The Baileys real estate market had 107 homes for sale in October 2024, a 0.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 34 | +17.2% |
| 2 Bedrooms | 29 | 33 | +13.8% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 19 | 15 | -21.1% |
| 5+ Bedrooms | 12 | 6 | -50.0% |
Summary: The Baileys housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 13.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 32 | -15.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baileys, you could pay more than the asking price. 40.6% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Baileys in October 2024, down by 15.8% month-over-month. Of the 32 sold homes, 34% were sold under asking, 25% were sold at asking, and 41% were sold over asking.
Days on Market for Baileys, VA
How long does it take to sell a home in Baileys, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 20 Days | +9.7% |
Summary: Homes in Baileys had an average of 20 days on market in Oct 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Baileys are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 32 homes were sold in Baileys; 72% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
