$9,726 Closing Credit*
$819,000
2,639 SqFt
4 Beds
•3 Full Baths, 1 Partial
Cihan Baysal, Listing Office: Long & Foster Real Estate, Inc.
Is Centreville, 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, Centreville has remained a Seller's Market.
Key Takeaway
Centreville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Centreville, VA
How much do homes in Centreville, VA cost?
Median Sold Price
$585,000
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$54,500(+10.3%)
Key Takeaway
Homes in Centreville have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Centreville was $585,000 in October 2024, up 10.3% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $280K | +3.7% |
| 2 Bedrooms | $355K | $392K | +10.4% |
| 3 Bedrooms | $510K | $560K | +9.8% |
| 4 Bedrooms | $750K | $775K | +3.3% |
| 5+ Bedrooms | $913.4K | $900K | -1.5% |
Summary: Centreville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Centreville | $530.5K | $585K | +10.3% |
| Bull Run District | $585K | $640.6K | +9.5% |
Housing Supply in Centreville, VA
How many homes are available in Centreville, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 134 | 160 | +19.4% |
Summary: The Centreville real estate market had 160 homes for sale in October 2024, a 19.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 16 | 24 | +50.0% |
| 3 Bedrooms | 66 | 75 | +13.6% |
| 4 Bedrooms | 36 | 43 | +19.4% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Centreville 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 50%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 54 | +10.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centreville, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.
Summary: A total of 54 homes were sold or pending in Centreville in October 2024, up by 10.2% month-over-month. Of the 54 sold homes, 22% were sold under asking, 30% were sold at asking, and 48% were sold over asking.
Days on Market for Centreville, VA
How long does it take to sell a home in Centreville, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 12 Days | -27.5% |
Summary: Homes in Centreville had an average of 12 days on market in Oct 2024, down by 27.5% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Centreville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 54 homes were sold in Centreville; 91% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
