$10,000 Closing Credit*
$1,599,000
3,282 SqFt
5 Beds
•3 Full Baths, 2 Partial
Dudley Ward, Listing Office: TTR Sotheby's International Realty
Is Del Ray, 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, Del Ray has remained a Seller's Market.
Key Takeaway
Del Ray is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Del Ray, VA
How much do homes in Del Ray, VA cost?
Median Sold Price
$872,500
$564/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,700(+5.3%)
Key Takeaway
Homes in Del Ray have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Del Ray was $872,500 in November 2024, up 5.3% from last year, and the median price per square foot was $564.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.5K | $289.5K | -4.3% |
| 2 Bedrooms | $782.5K | $765K | -2.2% |
| 3 Bedrooms | $825K | $879.5K | +6.6% |
| 4 Bedrooms | $1.1M | $1.2M | +2.7% |
| 5+ Bedrooms | $1.7M | $2.1M | +22.3% |
Summary: Del Ray housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Del Ray | $828.8K | $872.5K | +5.3% |
| Potomac West | $824.9K | $840K | +1.8% |
| North Ridge | $1.0M | $995K | -1.0% |
| Potomac Yards / Potomac Greens | $1.0M | $990K | -2.7% |
Housing Supply in Del Ray, VA
How many homes are available in Del Ray, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 34 | -10.5% |
Summary: The Del Ray real estate market had 34 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 21 | 15 | -28.6% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Del Ray 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 60%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Del Ray, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Del Ray in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Del Ray, VA
How long does it take to sell a home in Del Ray, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 49 Days | -12.1% |
Summary: Homes in Del Ray had an average of 49 days on market in Nov 2024, down by 12.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Del Ray are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Del Ray; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
