$4,097 Closing Credit*
$345,000
1,218 SqFt
2 Beds
•2 Full Baths
Hee Soo Chung, Listing Office: Hyundai Realty
Is Braddock, 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, Braddock has remained a Seller's Market.
Key Takeaway
Braddock is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Braddock, VA
How much do homes in Braddock, VA cost?
Median Sold Price
$750,000
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$59,714(+8.7%)
Key Takeaway
Homes in Braddock have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Braddock was $750,000 in October 2024, up 8.7% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200.5K | $210K | +4.7% |
| 2 Bedrooms | $297.5K | $317.5K | +6.7% |
| 3 Bedrooms | $558.7K | $611K | +9.4% |
| 4 Bedrooms | $755K | $812.3K | +7.6% |
| 5+ Bedrooms | $877.5K | $927K | +5.6% |
Summary: Braddock housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Fairfax | $700K | $771.8K | +10.3% |
| Mason | $653.3K | $711K | +8.8% |
| Braddock | $690.2K | $750K | +8.7% |
| Providence | $631.7K | $664.9K | +5.3% |
| Springfield | $708.9K | $736.6K | +3.9% |
Housing Supply in Braddock, VA
How many homes are available in Braddock, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 196 | 218 | +11.2% |
Summary: The Braddock real estate market had 218 homes for sale in October 2024, a 11.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 59 | 64 | +8.5% |
| 4 Bedrooms | 79 | 91 | +15.2% |
| 5+ Bedrooms | 41 | 43 | +4.9% |
Summary: The Braddock housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 4.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 63 | -14.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Braddock, you could pay more than the asking price. 63.5% of homes here sold above asking price last month.
Summary: A total of 63 homes were sold or pending in Braddock in October 2024, down by 14.9% month-over-month. Of the 63 sold homes, 25% were sold under asking, 11% were sold at asking, and 63% were sold over asking.
Days on Market for Braddock, VA
How long does it take to sell a home in Braddock, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 15 Days | +17.3% |
Summary: Homes in Braddock had an average of 15 days on market in Oct 2024, up by 17.3% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Braddock are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 63 homes were sold in Braddock; 89% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
