$8,657 Closing Credit*
$729,000
1,127 SqFt
3 Beds
•3 Full Baths
Jack D Work, Listing Office: Samson Properties
Is Dranesville, 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, Dranesville has remained a Seller's Market.
Key Takeaway
Dranesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dranesville, VA
How much do homes in Dranesville, VA cost?
Median Sold Price
$1,281,507
$382/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$66,507(+5.5%)
Key Takeaway
Homes in Dranesville have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Dranesville was $1,281,507 in October 2024, up 5.5% from last year, and the median price per square foot was $382.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $290K | +9.4% |
| 2 Bedrooms | $350K | $370.5K | +5.9% |
| 3 Bedrooms | $664.5K | $738K | +11.1% |
| 4 Bedrooms | $1.0M | $1.1M | +4.6% |
| 5+ Bedrooms | $1.7M | $2.1M | +18.5% |
Summary: Dranesville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 18.5%.
Median Sold Price Compared To Nearby Cities
| Sugarland Run | $610K | $660K | +8.2% |
| Hunter Mill | $673.3K | $723.1K | +7.4% |
| Dranesville | $1.2M | $1.2M | +5.5% |
| Providence | $631.7K | $664.9K | +5.3% |
| Mc Lean | $1.2M | $1.3M | +2.7% |
Housing Supply in Dranesville, VA
How many homes are available in Dranesville, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 438 | 450 | +2.7% |
Summary: The Dranesville real estate market had 450 homes for sale in October 2024, a 2.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 27 | 33 | +22.2% |
| 3 Bedrooms | 64 | 51 | -20.3% |
| 4 Bedrooms | 77 | 81 | +5.2% |
| 5+ Bedrooms | 266 | 281 | +5.6% |
Summary: The Dranesville 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 increased by 22.2%, 3 bedroom homes decreased by 20.3%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 100 | +4.2% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dranesville, you may be able to get a good deal. 43% of homes here sold below asking price last month.
Summary: A total of 100 homes were sold or pending in Dranesville in October 2024, up by 4.2% month-over-month. Of the 100 sold homes, 43% were sold under asking, 24% were sold at asking, and 33% were sold over asking.
Days on Market for Dranesville, VA
How long does it take to sell a home in Dranesville, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 23 Days | -10.9% |
Summary: Homes in Dranesville had an average of 23 days on market in Oct 2024, down by 10.9% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dranesville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 100 homes were sold in Dranesville; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
