$3,799 Closing Credit*
$319,900
992 SqFt
1 Bed
•1 Full Bath, 1 Partial
Abdullah A Alyamani, Listing Office: Proplocate Realty
Is Bailey's Crossroads, 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, Bailey's Crossroads has remained a Seller's Market.
Key Takeaway
Bailey's Crossroads is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bailey's Crossroads, VA
How much do homes in Bailey's Crossroads, VA cost?
Median Sold Price
$385,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$22,000(-5.4%)
Key Takeaway
Homes in Bailey's Crossroads have sold for 5.4% less than they did a year ago.
Summary: The median home sold price in Bailey's Crossroads was $385,000 in November 2024, down 5.4% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $277K | $285K | +2.9% |
| 2 Bedrooms | $347.4K | $363.5K | +4.6% |
| 3 Bedrooms | $535K | $626K | +17.0% |
| 4 Bedrooms | $785K | $913.5K | +16.4% |
| 5+ Bedrooms | $987.5K | $1.1M | +12.7% |
Summary: Bailey's Crossroads housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Baileys | $505K | $492.9K | -2.4% |
| Bailey's Crossroads | $407K | $385K | -5.4% |
Housing Supply in Bailey's Crossroads, VA
How many homes are available in Bailey's Crossroads, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 49 | 0.0% |
Summary: The Bailey's Crossroads real estate market had 49 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 10 | -33.3% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Bailey's Crossroads housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bailey's Crossroads, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Bailey's Crossroads in November 2024, up by 18.8% month-over-month. Of the 19 sold homes, 37% were sold under asking, 16% were sold at asking, and 47% were sold over asking.
Days on Market for Bailey's Crossroads, VA
How long does it take to sell a home in Bailey's Crossroads, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 19 Days | +58.6% |
Summary: Homes in Bailey's Crossroads had an average of 19 days on market in Nov 2024, up by 58.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bailey's Crossroads are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Bailey's Crossroads; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
