$7,124 Closing Credit*
$599,950
2,954 SqFt
5 Beds
•3 Full Baths, 1 Partial
Sandra Saunders, Listing Office: Long & Foster REALTORS
Is Glen Allen, 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, 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
$511,065
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,078(+7.8%)
Key Takeaway
Homes in Glen Allen have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Glen Allen was $511,065 in November 2024, up 7.8% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $309.3K | $308K | -0.4% |
| 2 Bedrooms | $283K | $286.5K | +1.2% |
| 3 Bedrooms | $408.9K | $442K | +8.1% |
| 4 Bedrooms | $515K | $560.7K | +8.9% |
| 5+ Bedrooms | $752.5K | $825K | +9.6% |
Summary: Glen Allen housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Cities
| Three Chopt | $470.6K | $538.9K | +14.5% |
| South Anna | $470K | $525K | +11.7% |
| Brookland | $354.3K | $386.1K | +9.0% |
| Glen Allen | $473.9K | $511K | +7.8% |
| Chickahominy | $480K | $501.9K | +4.6% |
Housing Supply in Glen Allen, VA
How many homes are available in Glen Allen, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 314 | 275 | -12.4% |
Summary: The Glen Allen real estate market had 275 homes for sale in November 2024, a 12.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 20 | 13 | -35.0% |
| 3 Bedrooms | 134 | 111 | -17.2% |
| 4 Bedrooms | 106 | 104 | -1.9% |
| 5+ Bedrooms | 54 | 46 | -14.8% |
Summary: The Glen Allen housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 35%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 14.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 58 | -37.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
15 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. 40.4% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in Glen Allen in November 2024, down by 37.0% month-over-month. Of the 57 sold homes, 40% were sold under asking, 33% were sold at asking, and 26% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 24 Days | +60.8% |
Summary: Homes in Glen Allen had an average of 24 days on market in Nov 2024, up by 60.8% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 58 homes were sold in Glen Allen; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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