$4,038 Closing Credit*
$340,000
1,648 SqFt
3 Beds
•2 Full Baths, 1 Partial
Zelma Watkins, Listing Office: Virginia Capital Realty
Is Brookland, 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, 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
$386,264
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,076(+10.3%)
Key Takeaway
Homes in Brookland have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Brookland was $386,264 in October 2024, up 10.3% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.5K | $161.5K | -14.8% |
| 2 Bedrooms | $243K | $267.5K | +10.1% |
| 3 Bedrooms | $348.4K | $375K | +7.6% |
| 4 Bedrooms | $417K | $444.9K | +6.7% |
| 5+ Bedrooms | $607.9K | $618.9K | +1.8% |
Summary: Brookland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.8%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Three Chopt | $468.3K | $533.9K | +14.0% |
| South Anna | $468.4K | $519.5K | +10.9% |
| Brookland | $350.1K | $386.2K | +10.3% |
| Glen Allen | $469.4K | $508.3K | +8.3% |
| Fairfield | $327.7K | $341.2K | +4.1% |
Housing Supply in Brookland, VA
How many homes are available in Brookland, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 174 | 186 | +6.9% |
Summary: The Brookland real estate market had 186 homes for sale in October 2024, a 6.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 28 | 29 | +3.6% |
| 3 Bedrooms | 92 | 94 | +2.2% |
| 4 Bedrooms | 43 | 53 | +23.3% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Brookland 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 increased by 3.6%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 55 | 0.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookland, you could pay more than the asking price. 41.8% of homes here sold above asking price last month.
Summary: A total of 55 homes were sold or pending in Brookland in October 2024, the same as the previous month. Of the 55 sold homes, 35% were sold under asking, 24% were sold at asking, and 42% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 16 Days | +37.2% |
Summary: Homes in Brookland had an average of 16 days on market in Oct 2024, up by 37.2% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brookland are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 55 homes were sold in Brookland; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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