Is Elkwood, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Elkwood has remained a Seller's Market.
Key Takeaway
Elkwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elkwood, VA
How much do homes in Elkwood, VA cost?
Median Sold Price
$1,350,000
$434/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
Key Takeaway
Homes in Elkwood have sold for 87.5% more than they did a month ago.
Summary: The median home sold price in Elkwood was $1,350,000 in November 2024, up 87.5% from last month, and the median price per square foot was $434.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $720K | - | N/A |
| 4 Bedrooms | - | $1.3M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Elkwood housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Elkwood | $720K | $1.3M | +87.5% |
| Brandy Station | $429K | $468K | +9.1% |
Housing Supply in Elkwood, VA
How many homes are available in Elkwood, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Summary: The Elkwood real estate market had 1 homes for sale in November 2024, a 66.7% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 0 | -100.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elkwood 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 decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elkwood, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Elkwood in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Elkwood, VA
How long does it take to sell a home in Elkwood, VA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 7 Days | +40.0% |
Summary: Homes in Elkwood had an average of 7 days on market in Nov 2024, up by 40% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elkwood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Elkwood; 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.
