$3,859 Closing Credit*
$325,000
501 SqFt
1 Bed
•1 Full Bath
Skip Fernandes, Listing Office: Coldwell Banker Realty
Is Cross Junction, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cross Junction was a Seller's Market.
Key Takeaway
Cross Junction is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cross Junction, VA
How much do homes in Cross Junction, VA cost?
Median Sold Price
$384,950
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,450(+0.6%)
Key Takeaway
Homes in Cross Junction have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Cross Junction was $384,950 in October 2024, up 0.6% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $389.9K | $335K | -14.1% |
| 3 Bedrooms | $339.9K | $375K | +10.3% |
| 4 Bedrooms | $419.9K | $410K | -2.4% |
| 5+ Bedrooms | $590K | $386K | -34.6% |
Summary: Cross Junction housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 34.6%.
Median Sold Price Compared To Nearby Cities
| Paw Paw | $170K | $249.9K | +47.0% |
| Bloomery | $220K | $295K | +34.1% |
| Gainesboro | $389.9K | $425K | +9.0% |
| Cross Junction | $382.5K | $384.9K | +0.6% |
Housing Supply in Cross Junction, VA
How many homes are available in Cross Junction, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 30 | -3.2% |
Summary: The Cross Junction real estate market had 30 homes for sale in October 2024, a 3.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cross Junction 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 decreased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cross Junction, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Cross Junction in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Cross Junction, VA
How long does it take to sell a home in Cross Junction, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 18 Days | +85.7% |
Summary: Homes in Cross Junction had an average of 18 days on market in Oct 2024, up by 85.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cross Junction are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Cross Junction; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
