$4,155 Closing Credit*
$349,900
994 SqFt
2 Beds
•1 Full Bath
Shelly L Porter, Listing Office: Century 21 Redwood 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 October 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
$388,750
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,250(-3.1%)
Key Takeaway
Homes in Bailey's Crossroads have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Bailey's Crossroads was $388,750 in October 2024, down 3.1% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276K | $282K | +2.2% |
| 2 Bedrooms | $344.4K | $356.7K | +3.6% |
| 3 Bedrooms | $535K | $632K | +18.1% |
| 4 Bedrooms | $822.5K | $943.4K | +14.7% |
| 5+ Bedrooms | $1.0M | $1.0M | 0.0% |
Summary: Bailey's Crossroads housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes did not change.
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 Bailey's Crossroads, VA
How many homes are available in Bailey's Crossroads, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 58 | +5.5% |
Summary: The Bailey's Crossroads real estate market had 58 homes for sale in October 2024, a 5.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 18 | +20.0% |
| 2 Bedrooms | 22 | 23 | +4.5% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bailey's Crossroads housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
4 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. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Bailey's Crossroads in October 2024, down by 20.0% month-over-month. Of the 16 sold homes, 25% were sold under asking, 19% were sold at asking, and 56% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 17 Days | -1.7% |
Summary: Homes in Bailey's Crossroads had an average of 17 days on market in Oct 2024, down by 1.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 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 October 2024, 16 homes were sold in Bailey's Crossroads; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
