$10,000 Closing Credit*
$1,050,000
2,688 SqFt
4 Beds
•4 Full Baths
JaneEllen M Saums, Listing Office: Corcoran McEnearney
Is Dominion, 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, Dominion has remained a Seller's Market.
Key Takeaway
Dominion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dominion, VA
How much do homes in Dominion, VA cost?
Median Sold Price
$1,327,500
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$177,500(+15.4%)
Key Takeaway
Homes in Dominion have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in Dominion was $1,327,500 in November 2024, up 15.4% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $880K | $855K | -2.8% |
| 4 Bedrooms | $1.1M | $1.1M | +1.9% |
| 5+ Bedrooms | $1.3M | $1.4M | +7.7% |
Summary: Dominion housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 7.7%.
Housing Supply in Dominion, VA
How many homes are available in Dominion, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The Dominion real estate market had 20 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Dominion 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Dominion, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Dominion in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Dominion, VA
How long does it take to sell a home in Dominion, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 39 Days | -10.8% |
Summary: Homes in Dominion had an average of 39 days on market in Nov 2024, down by 10.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dominion are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Dominion; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
