$10,000 Closing Credit*
$939,000
1,964 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kerry A Adams, Listing Office: Compass
Is Del Ray, 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, 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
$863,387
$574/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,987(+4.1%)
Key Takeaway
Homes in Del Ray have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Del Ray was $863,387 in October 2024, up 4.1% from last year, and the median price per square foot was $574.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $305K | +3.4% |
| 2 Bedrooms | $785K | $765K | -2.5% |
| 3 Bedrooms | $825K | $873.5K | +5.9% |
| 4 Bedrooms | $1.1M | $1.2M | +5.1% |
| 5+ Bedrooms | $1.7M | $1.9M | +12.5% |
Summary: Del Ray housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Del Ray | $829.4K | $863.3K | +4.1% |
| Potomac West | $823.9K | $835K | +1.3% |
| North Ridge | $1.0M | $996.2K | -0.4% |
Housing Supply in Del Ray, VA
How many homes are available in Del Ray, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 41 | +17.1% |
Summary: The Del Ray real estate market had 41 homes for sale in October 2024, a 17.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 15 | 22 | +46.7% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Del Ray housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 46.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Del Ray, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Del Ray in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 5 Days | -61.2% |
Summary: Homes in Del Ray had an average of 5 days on market in Oct 2024, down by 61.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 9 homes were sold in Del Ray; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
