$10,000 Closing Credit*
$889,000
1,366 SqFt
3 Beds
•2 Full Baths, 1 Partial
Deborah Eileen Neumann, Listing Office: Samson Properties
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 November 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
$583/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+12.1%)
Key Takeaway
Homes in Ballston / Virginia Square have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Ballston / Virginia Square was $555,000 in November 2024, up 12.1% from last year, and the median price per square foot was $583.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $412.5K | $402.5K | -2.4% |
| 2 Bedrooms | $584K | $625K | +7.0% |
| 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 November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 7%, 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 | $1.2M | $1.5M | +17.6% |
| Ballston / Virginia Square | $495K | $555K | +12.1% |
| Ashton Heights | $1.4M | $1.5M | +6.9% |
| Waverly Hills | $702K | $300.5K | -57.2% |
Housing Supply in Ballston / Virginia Square, VA
How many homes are available in Ballston / Virginia Square, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 46 | 0.0% |
Summary: The Ballston / Virginia Square real estate market had 46 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 | 23 | 24 | +4.3% |
| 2 Bedrooms | 21 | 17 | -19.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Ballston / Virginia Square housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 100%, 4 bedroom homes increased by 300%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ballston / Virginia Square, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Ballston / Virginia Square in November 2024, up by 33.3% month-over-month. Of the 16 sold homes, 50% were sold under asking, 19% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 28 Days | -44.8% |
Summary: Homes in Ballston / Virginia Square had an average of 28 days on market in Nov 2024, down by 44.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 16 homes were sold in Ballston / Virginia Square; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
