$5,284 Closing Credit*
$445,000
2,236 SqFt
4 Beds
•4 Full Baths
parwin N saidi, Listing Office: Keller Williams Chantilly Ventures
Is Basye, 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, Basye has remained a Seller's Market.
Key Takeaway
Basye is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Basye, VA
How much do homes in Basye, VA cost?
Median Sold Price
$350,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$55,000(+18.6%)
Key Takeaway
Homes in Basye have sold for 18.6% more than they did a year ago.
Summary: The median home sold price in Basye was $350,000 in October 2024, up 18.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.5K | $143.7K | -3.8% |
| 2 Bedrooms | $156.5K | $169K | +8.0% |
| 3 Bedrooms | $330K | $385.5K | +16.8% |
| 4 Bedrooms | $372K | $417.5K | +12.2% |
| 5+ Bedrooms | $585K | $468K | -20.0% |
Summary: Basye housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 20%.
Median Sold Price Compared To Nearby Cities
| Basye | $295K | $350K | +18.6% |
| Lost River | $307K | $339K | +10.4% |
| Mathias | $262.5K | $255K | -2.9% |
Housing Supply in Basye, VA
How many homes are available in Basye, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The Basye real estate market had 20 homes for sale in October 2024, a 4.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Basye housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Basye, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Basye in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Basye, VA
How long does it take to sell a home in Basye, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 9 Days | -72.6% |
Summary: Homes in Basye had an average of 9 days on market in Oct 2024, down by 72.6% compared to last year.
Breakdown of Home Sale Times
4 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 Basye are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Basye; 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.
