$5,105 Closing Credit*
$429,900
2,016 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michael Patterson Skinner I, Listing Office: Redfin Corporation
Is Colonial Beach, 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, Colonial Beach has remained a Seller's Market.
Key Takeaway
Colonial Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Colonial Beach, VA
How much do homes in Colonial Beach, VA cost?
Median Sold Price
$319,999
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,999(+6.7%)
Key Takeaway
Homes in Colonial Beach have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Colonial Beach was $319,999 in October 2024, up 6.7% 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 | $222.5K | $237.5K | +6.7% |
| 2 Bedrooms | $265K | $299K | +12.8% |
| 3 Bedrooms | $299K | $315K | +5.4% |
| 4 Bedrooms | $385K | $397.3K | +3.2% |
| 5+ Bedrooms | $975K | $503.5K | -48.4% |
Summary: Colonial Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 48.4%.
Median Sold Price Compared To Nearby Cities
| Newburg | $390K | $470K | +20.5% |
| Colonial Beach | $300K | $319.9K | +6.7% |
| Washington | $299.9K | $320K | +6.7% |
| Issue | $497.5K | $465K | -6.5% |
Housing Supply in Colonial Beach, VA
How many homes are available in Colonial Beach, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 111 | +6.7% |
Summary: The Colonial Beach real estate market had 111 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 79 | 87 | +10.1% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Colonial Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 10.1%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 25 | -19.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Colonial Beach, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in Colonial Beach in October 2024, down by 19.4% month-over-month. Of the 25 sold homes, 36% were sold under asking, 40% were sold at asking, and 24% were sold over asking.
Days on Market for Colonial Beach, VA
How long does it take to sell a home in Colonial Beach, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 46 Days | +89.4% |
Summary: Homes in Colonial Beach had an average of 46 days on market in Oct 2024, up by 89.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Colonial Beach are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in Colonial Beach; 52% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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