$6,579 Closing Credit*
$554,032
1,628 SqFt
2 Beds
•2 Full Baths
Allison Welch Taylor, Listing Office: Redfin Corporation
Is Broadlands, 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, Broadlands has remained a Seller's Market.
Key Takeaway
Broadlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Broadlands, VA
How much do homes in Broadlands, VA cost?
Median Sold Price
$829,944
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,954(+4.4%)
Key Takeaway
Homes in Broadlands have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Broadlands was $829,944 in November 2024, up 4.4% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $548.1K | $532.5K | -2.9% |
| 3 Bedrooms | $635K | $643K | +1.3% |
| 4 Bedrooms | $886K | $970K | +9.5% |
| 5+ Bedrooms | $1.0M | $1.3M | +20.2% |
Summary: Broadlands housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 20.2%.
Housing Supply in Broadlands, VA
How many homes are available in Broadlands, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 19 | -29.6% |
Summary: The Broadlands real estate market had 19 homes for sale in November 2024, a 29.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 19 | 13 | -31.6% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Broadlands housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 31.6%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 5 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broadlands, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Broadlands in November 2024, down by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Broadlands, VA
How long does it take to sell a home in Broadlands, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 9 Days | -37.5% |
Summary: Homes in Broadlands had an average of 9 days on market in Nov 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
5 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 Broadlands are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Broadlands; 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.
