$6,233 Closing Credit*
$524,900
1,876 SqFt
3 Beds
•3 Full Baths, 1 Partial
Kelly Ward, Listing Office: Deborah Edgar RealEstate Group
Is Brookland, 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, Brookland has remained a Seller's Market.
Key Takeaway
Brookland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brookland, VA
How much do homes in Brookland, VA cost?
Median Sold Price
$386,170
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,795(+9.0%)
Key Takeaway
Homes in Brookland have sold for 9% more than they did a year ago.
Summary: The median home sold price in Brookland was $386,170 in November 2024, up 9% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $163K | -11.9% |
| 2 Bedrooms | $248.5K | $271K | +9.1% |
| 3 Bedrooms | $347K | $375K | +8.1% |
| 4 Bedrooms | $422.9K | $447.5K | +5.8% |
| 5+ Bedrooms | $590.9K | $618.9K | +4.7% |
Summary: Brookland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Three Chopt | $470.6K | $538.9K | +14.5% |
| South Anna | $470K | $525K | +11.7% |
| Brookland | $354.3K | $386.1K | +9.0% |
| Glen Allen | $473.9K | $511K | +7.8% |
| Fairfield | $330K | $342.8K | +3.9% |
Housing Supply in Brookland, VA
How many homes are available in Brookland, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 179 | 152 | -15.1% |
Summary: The Brookland real estate market had 152 homes for sale in November 2024, a 15.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 29 | 27 | -6.9% |
| 3 Bedrooms | 92 | 79 | -14.1% |
| 4 Bedrooms | 48 | 37 | -22.9% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Brookland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 43 | -30.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookland, you could pay more than the asking price. 39.5% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in Brookland in November 2024, down by 30.6% month-over-month. Of the 43 sold homes, 35% were sold under asking, 26% were sold at asking, and 40% were sold over asking.
Days on Market for Brookland, VA
How long does it take to sell a home in Brookland, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 21 Days | +104.1% |
Summary: Homes in Brookland had an average of 21 days on market in Nov 2024, up by 104.1% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brookland are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 43 homes were sold in Brookland; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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