$3,266 Closing Credit*
$274,990
1,280 SqFt
3 Beds
•1 Full Bath, 1 Partial
David Monds, Listing Office: United Real Estate Richmond
Is Glen Allen, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Glen Allen has remained a Seller's Market.
Key Takeaway
Glen Allen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glen Allen, VA
How much do homes in Glen Allen, VA cost?
Median Sold Price
$508,397
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,913(+8.3%)
Key Takeaway
Homes in Glen Allen have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Glen Allen was $508,397 in October 2024, up 8.3% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.1K | $308K | +3.0% |
| 2 Bedrooms | $280K | $285.7K | +2.1% |
| 3 Bedrooms | $409.9K | $434.9K | +6.1% |
| 4 Bedrooms | $510.1K | $563.3K | +10.4% |
| 5+ Bedrooms | $750K | $810K | +8.0% |
Summary: Glen Allen housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
| Three Chopt | $468.3K | $533.9K | +14.0% |
| South Anna | $468.4K | $519.5K | +10.9% |
| Brookland | $350.1K | $386.2K | +10.3% |
| Glen Allen | $469.4K | $508.3K | +8.3% |
| Chickahominy | $477.2K | $500K | +4.8% |
Housing Supply in Glen Allen, VA
How many homes are available in Glen Allen, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 322 | 322 | 0.0% |
Summary: The Glen Allen real estate market had 322 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 147 | 141 | -4.1% |
| 4 Bedrooms | 96 | 106 | +10.4% |
| 5+ Bedrooms | 60 | 54 | -10.0% |
Summary: The Glen Allen 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 increased by 10.5%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 88 | +18.9% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glen Allen, you may be able to get a good deal. 39.8% of homes here sold below asking price last month.
Summary: A total of 88 homes were sold or pending in Glen Allen in October 2024, up by 18.9% month-over-month. Of the 88 sold homes, 40% were sold under asking, 26% were sold at asking, and 34% were sold over asking.
Days on Market for Glen Allen, VA
How long does it take to sell a home in Glen Allen, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 16 Days | +6.9% |
Summary: Homes in Glen Allen had an average of 16 days on market in Oct 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glen Allen are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 88 homes were sold in Glen Allen; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved