$5,581 Closing Credit*
$470,000
1,320 SqFt
3 Beds
•2 Full Baths, 1 Partial
John Thomas Dickie, Listing Office: CENTURY 21 New Millennium
Is Burke Centre, 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, Burke Centre has remained a Seller's Market.
Key Takeaway
Burke Centre is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burke Centre, VA
How much do homes in Burke Centre, VA cost?
Median Sold Price
$635,500
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,000(+8.2%)
Key Takeaway
Homes in Burke Centre have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Burke Centre was $635,500 in October 2024, up 8.2% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $292.5K | -5.6% |
| 2 Bedrooms | $358.6K | $335K | -6.6% |
| 3 Bedrooms | $537.5K | $560K | +4.2% |
| 4 Bedrooms | $785K | $835K | +6.4% |
| 5+ Bedrooms | $900K | $937.5K | +4.2% |
Summary: Burke Centre housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 4.2%.
Housing Supply in Burke Centre, VA
How many homes are available in Burke Centre, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 48 | +4.3% |
Summary: The Burke Centre real estate market had 48 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Burke Centre 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 remained the same, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 22 | +83.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burke Centre, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Burke Centre in October 2024, up by 83.3% month-over-month. Of the 22 sold homes, 32% were sold under asking, 9% were sold at asking, and 59% were sold over asking.
Days on Market for Burke Centre, VA
How long does it take to sell a home in Burke Centre, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 17 Days | +186.4% |
Summary: Homes in Burke Centre had an average of 17 days on market in Oct 2024, up by 186.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Burke Centre are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in Burke Centre; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
