$59 Closing Credit*
$5,000
1,134 SqFt
2 Beds
•2 Full Baths
Bruce E Toliver, Listing Office: Elite
Is Cascades, 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, Cascades has remained a Seller's Market.
Key Takeaway
Cascades is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cascades, VA
How much do homes in Cascades, VA cost?
Median Sold Price
$654,500
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$76,450(+13.2%)
Key Takeaway
Homes in Cascades have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Cascades was $654,500 in October 2024, up 13.2% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267K | $302.5K | +13.3% |
| 2 Bedrooms | $365.5K | $384K | +5.1% |
| 3 Bedrooms | $572K | $620K | +8.4% |
| 4 Bedrooms | $706.1K | $802K | +13.6% |
| 5+ Bedrooms | $915K | $955K | +4.4% |
Summary: Cascades housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Cascades | $578K | $654.5K | +13.2% |
| Potomac Lakes | $645.5K | $702.5K | +8.8% |
Housing Supply in Cascades, VA
How many homes are available in Cascades, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Summary: The Cascades real estate market had 26 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cascades housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cascades, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Cascades in October 2024, up by 37.5% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for Cascades, VA
How long does it take to sell a home in Cascades, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 17 Days | +1.6% |
Summary: Homes in Cascades had an average of 17 days on market in Oct 2024, up by 1.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cascades are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Cascades; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
