$3,500,000
9,059 SqFt
6 Beds
•6 Full Baths, 2 Partial
Shamein Qadri, Listing Office: Compass
Is Dranesville, 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, 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
$1,307,999
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$98,415(+8.1%)
Key Takeaway
Homes in Dranesville have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Dranesville was $1,307,999 in November 2024, up 8.1% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $289.5K | +7.2% |
| 2 Bedrooms | $350K | $373K | +6.6% |
| 3 Bedrooms | $667.2K | $750.1K | +12.4% |
| 4 Bedrooms | $1.0M | $1.1M | +7.2% |
| 5+ Bedrooms | $1.8M | $2.1M | +16.6% |
Summary: Dranesville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 16.6%.
Median Sold Price Compared To Nearby Cities
| Dranesville | $1.2M | $1.3M | +8.1% |
| Hunter Mill | $676.8K | $730.6K | +8.0% |
| Sugarland Run | $615K | $660K | +7.3% |
| Mc Lean | $1.2M | $1.3M | +5.2% |
| Providence | $633K | $662.4K | +4.6% |
Housing Supply in Dranesville, VA
How many homes are available in Dranesville, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 397 | 366 | -7.8% |
Summary: The Dranesville real estate market had 366 homes for sale in November 2024, a 7.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 1 | -75.0% |
| 2 Bedrooms | 31 | 30 | -3.2% |
| 3 Bedrooms | 48 | 46 | -4.2% |
| 4 Bedrooms | 74 | 61 | -17.6% |
| 5+ Bedrooms | 240 | 228 | -5.0% |
Summary: The Dranesville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 108 | 86 | -20.4% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dranesville, you may be able to get a good deal. 53.5% of homes here sold below asking price last month.
Summary: A total of 86 homes were sold or pending in Dranesville in November 2024, down by 20.4% month-over-month. Of the 86 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 41 Days | +76.2% |
Summary: Homes in Dranesville had an average of 41 days on market in Nov 2024, up by 76.2% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
9 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 November 2024, 86 homes were sold in Dranesville; 64% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
