$10,000 Closing Credit*
$1,599,000
7,744 SqFt
6 Beds
•5 Full Baths, 1 Partial
Patricia Fales, Listing Office: RE/MAX Allegiance
Is Dominion, 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, Dominion was a Seller's Market.
Key Takeaway
Dominion is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Dominion, VA
How much do homes in Dominion, VA cost?
Median Sold Price
$1,310,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$160,000(+13.9%)
Key Takeaway
Homes in Dominion have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Dominion was $1,310,000 in October 2024, up 13.9% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $785K | $760K | -3.2% |
| 4 Bedrooms | $1.1M | $1.2M | +4.3% |
| 5+ Bedrooms | $1.3M | $1.4M | +7.7% |
Summary: Dominion 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 did not change, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 4.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 25 | +8.7% |
Summary: The Dominion real estate market had 25 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 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 | 16 | 17 | +6.3% |
Summary: The Dominion 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 remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dominion, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Dominion in October 2024, down by 71.4% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 3 Days | -74.6% |
Summary: Homes in Dominion had an average of 3 days on market in Oct 2024, down by 74.6% compared to last year.
Breakdown of Home Sale Times
2 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 Dominion are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Dominion; 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.
