$9,678 Closing Credit*
$814,999
4,606 SqFt
4 Beds
•3 Full Baths, 1 Partial
Wanda J Cook, Listing Office: Joyner Fine Properties, Inc.
Is Fawn Lake, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Fawn Lake has remained a Seller's Market.
Key Takeaway
Fawn Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fawn Lake, VA
How much do homes in Fawn Lake, VA cost?
Median Sold Price
$899,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$54,000(+6.4%)
Key Takeaway
Homes in Fawn Lake have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Fawn Lake was $899,000 in September 2024, up 6.4% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $689K | $725K | +5.2% |
| 4 Bedrooms | $819K | $887K | +8.3% |
| 5+ Bedrooms | $965K | $1.1M | +16.6% |
Summary: Fawn Lake housing prices by bedroom type for September 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 increased by 5.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 16.6%.
Housing Supply in Fawn Lake, VA
How many homes are available in Fawn Lake, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 38 | 43 | +13.2% |
Summary: The Fawn Lake real estate market had 43 homes for sale in September 2024, a 13.2% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Fawn Lake housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fawn Lake, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Fawn Lake in September 2024, up by 14.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Fawn Lake, VA
How long does it take to sell a home in Fawn Lake, VA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 61 Days | 34 Days | -44.2% |
Summary: Homes in Fawn Lake had an average of 34 days on market in Sep 2024, down by 44.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fawn Lake are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 8 homes were sold in Fawn Lake; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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