$6,116 Closing Credit*
$515,000
1,220 SqFt
3 Beds
•2 Full Baths, 1 Partial
Charles J Wade, Listing Office: Samson Properties
Is Centreville, 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, 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 November 2023
+$56,500(+10.7%)
Key Takeaway
Homes in Centreville have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Centreville was $585,000 in November 2024, up 10.7% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $273.5K | $280K | +2.4% |
| 2 Bedrooms | $353.9K | $410K | +15.8% |
| 3 Bedrooms | $514.5K | $560K | +8.8% |
| 4 Bedrooms | $750K | $778.5K | +3.8% |
| 5+ Bedrooms | $900K | $930K | +3.3% |
Summary: Centreville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Newgate | $403K | $471.5K | +17.0% |
| Centreville | $528.5K | $585K | +10.7% |
| Bull Run District | $592.2K | $637K | +7.6% |
Housing Supply in Centreville, VA
How many homes are available in Centreville, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 151 | 140 | -7.3% |
Summary: The Centreville real estate market had 140 homes for sale in November 2024, a 7.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 23 | 27 | +17.4% |
| 3 Bedrooms | 69 | 63 | -8.7% |
| 4 Bedrooms | 41 | 33 | -19.5% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Centreville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.4%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 51 | -8.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centreville, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 51 homes were sold or pending in Centreville in November 2024, down by 8.9% month-over-month. Of the 51 sold homes, 25% were sold under asking, 22% were sold at asking, and 53% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 15 Days | +21.0% |
Summary: Homes in Centreville had an average of 15 days on market in Nov 2024, up by 21% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Centreville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 51 homes were sold in Centreville; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
