$9,369 Closing Credit*
$789,000
2,592 SqFt
3 Beds
•2 Full Baths, 1 Partial
Maribel Barker, Listing Office: Fawn Lake Real Estate Company
Is Fawn Lake, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Fawn Lake was a Buyer's Market.
Key Takeaway
Fawn Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fawn Lake, VA
How much do homes in Fawn Lake, VA cost?
Median Sold Price
$899,900
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$44,900(+5.3%)
Key Takeaway
Homes in Fawn Lake have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Fawn Lake was $899,900 in October 2024, up 5.3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $689K | $725K | +5.2% |
| 4 Bedrooms | $813.7K | $899K | +10.5% |
| 5+ Bedrooms | $965K | $1.1M | +14.0% |
Summary: Fawn Lake housing prices by bedroom type for October 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 10.5%, and 5+ bedroom homes increased by 14%.
Housing Supply in Fawn Lake, VA
How many homes are available in Fawn Lake, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 37 | +2.8% |
Summary: The Fawn Lake real estate market had 37 homes for sale in October 2024, a 2.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Fawn Lake 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 remained the same, 3 bedroom homes decreased by 60%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fawn Lake, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Fawn Lake in October 2024, down by 33.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 93 Days | +127.6% |
Summary: Homes in Fawn Lake had an average of 93 days on market in Oct 2024, up by 127.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Fawn Lake are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in Fawn Lake; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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