$7,363 Closing Credit*
$620,000
970 SqFt
2 Beds
•2 Full Baths
Toby M Lim, Listing Office: Compass
Is Ballston / Virginia Square, 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, Ballston / Virginia Square has remained a Seller's Market.
Key Takeaway
Ballston / Virginia Square is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ballston / Virginia Square, VA
How much do homes in Ballston / Virginia Square, VA cost?
Median Sold Price
$555,000
$582/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$55,000(+11.0%)
Key Takeaway
Homes in Ballston / Virginia Square have sold for 11% more than they did a year ago.
Summary: The median home sold price in Ballston / Virginia Square was $555,000 in October 2024, up 11% from last year, and the median price per square foot was $582.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $408K | -1.7% |
| 2 Bedrooms | $577.5K | $635K | +10.0% |
| 3 Bedrooms | $895K | $825K | -7.8% |
| 4 Bedrooms | $981K | $1.4M | +52.9% |
| 5+ Bedrooms | $1.8M | $1.8M | +2.8% |
Summary: Ballston / Virginia Square housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 52.9%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Cherrydale | $1.1M | $1.5M | +29.2% |
| Ballston / Virginia Square | $500K | $555K | +11.0% |
| Waverly Hills | $517K | $313K | -39.5% |
Housing Supply in Ballston / Virginia Square, VA
How many homes are available in Ballston / Virginia Square, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 47 | -11.3% |
Summary: The Ballston / Virginia Square real estate market had 47 homes for sale in October 2024, a 11.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 23 | -4.2% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Ballston / Virginia Square housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.2%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 13 | -31.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ballston / Virginia Square, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Ballston / Virginia Square in October 2024, down by 31.6% month-over-month. Of the 13 sold homes, 23% were sold under asking, 46% were sold at asking, and 31% were sold over asking.
Days on Market for Ballston / Virginia Square, VA
How long does it take to sell a home in Ballston / Virginia Square, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 10 Days | -64.5% |
Summary: Homes in Ballston / Virginia Square had an average of 10 days on market in Oct 2024, down by 64.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ballston / Virginia Square are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Ballston / Virginia Square; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
