$5,818 Closing Credit*
$489,900
1,984 SqFt
3 Beds
•3 Full Baths, 1 Partial
Deyi S Awadallah, Listing Office: D.S.A. Properties & Investments LLC
Is Dumfries, 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, Dumfries has remained a Seller's Market.
Key Takeaway
Dumfries is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dumfries, VA
How much do homes in Dumfries, VA cost?
Median Sold Price
$576,326
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,376(+6.0%)
Key Takeaway
Homes in Dumfries have sold for 6% more than they did a year ago.
Summary: The median home sold price in Dumfries was $576,326 in November 2024, up 6% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $202.5K | N/A |
| 2 Bedrooms | $340K | $426K | +25.3% |
| 3 Bedrooms | $475K | $478K | +0.6% |
| 4 Bedrooms | $612.5K | $643.3K | +5.0% |
| 5+ Bedrooms | $712.5K | $750K | +5.3% |
Summary: Dumfries 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 increased by 25.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 5.3%.
Housing Supply in Dumfries, VA
How many homes are available in Dumfries, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 132 | 123 | -6.8% |
Summary: The Dumfries real estate market had 123 homes for sale in November 2024, a 6.8% decrease 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 52 | 53 | +1.9% |
| 4 Bedrooms | 49 | 42 | -14.3% |
| 5+ Bedrooms | 27 | 22 | -18.5% |
Summary: The Dumfries 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 increased by 50%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 18.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 35 | -16.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dumfries, you may be able to get a good deal. 37.1% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Dumfries in November 2024, down by 16.7% month-over-month. Of the 35 sold homes, 37% were sold under asking, 29% were sold at asking, and 34% were sold over asking.
Days on Market for Dumfries, VA
How long does it take to sell a home in Dumfries, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 23 Days | +24.7% |
Summary: Homes in Dumfries had an average of 23 days on market in Nov 2024, up by 24.7% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dumfries are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 35 homes were sold in Dumfries; 71% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
