$10,000 Closing Credit*
$1,699,000
6,850 SqFt
6 Beds
•5 Full Baths, 2 Partial
Shoaib Ahmed, Listing Office: United American Realty
Is Franconia, 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, Franconia has remained a Seller's Market.
Key Takeaway
Franconia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Franconia, VA
How much do homes in Franconia, VA cost?
Median Sold Price
$581,633
$366/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$53,716(+10.2%)
Key Takeaway
Homes in Franconia have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Franconia was $581,633 in November 2024, up 10.2% from last year, and the median price per square foot was $366.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275.5K | $292.7K | +6.3% |
| 2 Bedrooms | $410K | $440K | +7.3% |
| 3 Bedrooms | $554.9K | $619K | +11.5% |
| 4 Bedrooms | $690K | $770K | +11.6% |
| 5+ Bedrooms | $967.5K | $930K | -3.9% |
Summary: Franconia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Landsdowne | $481K | $580K | +20.6% |
| Kingstowne | $628K | $694.5K | +10.6% |
| Franconia | $527.9K | $581.6K | +10.2% |
| Rose Hill | $625.9K | $669.9K | +7.0% |
Housing Supply in Franconia, VA
How many homes are available in Franconia, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 61 | +5.2% |
Summary: The Franconia real estate market had 61 homes for sale in November 2024, a 5.2% increase 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 | 15 | 16 | +6.7% |
| 3 Bedrooms | 32 | 32 | 0.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Franconia 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 6.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Franconia, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Franconia in November 2024, down by 21.1% month-over-month. Of the 15 sold homes, 27% were sold under asking, 33% were sold at asking, and 40% were sold over asking.
Days on Market for Franconia, VA
How long does it take to sell a home in Franconia, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 21 Days | +112.3% |
Summary: Homes in Franconia had an average of 21 days on market in Nov 2024, up by 112.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Franconia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Franconia; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
