$7,719 Closing Credit*
$650,000
966 SqFt
2 Beds
•1 Full Bath
Leesa A Woodbery, Listing Office: Real Property Management Pros
Is Braddock Road Metro, 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 Road Metro has remained a Seller's Market.
Key Takeaway
Braddock Road Metro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Braddock Road Metro, VA
How much do homes in Braddock Road Metro, VA cost?
Median Sold Price
$865,500
$593/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$66,500(+8.3%)
Key Takeaway
Homes in Braddock Road Metro have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Braddock Road Metro was $865,500 in October 2024, up 8.3% from last year, and the median price per square foot was $593.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | $430K | +1.2% |
| 2 Bedrooms | $697.5K | $725K | +3.9% |
| 3 Bedrooms | $989.5K | $1.0M | +8.4% |
| 4 Bedrooms | $928.7K | $1.2M | +37.3% |
| 5+ Bedrooms | $1.6M | $1.5M | -8.6% |
Summary: Braddock Road Metro housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 37.3%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Old Town | $990K | $1.3M | +31.3% |
| Northeast | $722.5K | $812.5K | +12.5% |
| Braddock Road Metro | $799K | $865.5K | +8.3% |
| Old Town North | $690K | $699.9K | +1.4% |
Housing Supply in Braddock Road Metro, VA
How many homes are available in Braddock Road Metro, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 32 | +23.1% |
Summary: The Braddock Road Metro real estate market had 32 homes for sale in October 2024, a 23.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Braddock Road Metro housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Braddock Road Metro, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Braddock Road Metro in October 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Braddock Road Metro, VA
How long does it take to sell a home in Braddock Road Metro, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 24 Days | -2.4% |
Summary: Homes in Braddock Road Metro had an average of 24 days on market in Oct 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Braddock Road Metro are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Braddock Road Metro; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
