$3,859 Closing Credit*
$325,000
1,182 SqFt
2 Beds
•2 Full Baths
Constance Elizabeth Ide, Listing Office: Coldwell Banker Realty
Is Idylwood, 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, Idylwood was a Seller's Market.
Key Takeaway
Idylwood 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 Idylwood, VA
How much do homes in Idylwood, VA cost?
Median Sold Price
$485,000
$369/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$175,750(-26.6%)
Key Takeaway
Homes in Idylwood have sold for 26.6% less than they did a year ago.
Summary: The median home sold price in Idylwood was $485,000 in October 2024, down 26.6% from last year, and the median price per square foot was $369.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.5K | $240K | +9.3% |
| 2 Bedrooms | $344.9K | $399K | +15.7% |
| 3 Bedrooms | $700K | $740K | +5.7% |
| 4 Bedrooms | $907.5K | $960K | +5.8% |
| 5+ Bedrooms | $1.5M | $1.5M | -1.1% |
Summary: Idylwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 1.1%.
Housing Supply in Idylwood, VA
How many homes are available in Idylwood, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 46 | +15.0% |
Summary: The Idylwood real estate market had 46 homes for sale in October 2024, a 15.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Idylwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Idylwood, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Idylwood in October 2024, down by 41.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Idylwood, VA
How long does it take to sell a home in Idylwood, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 17 Days | -19.1% |
Summary: Homes in Idylwood had an average of 17 days on market in Oct 2024, down by 19.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Idylwood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Idylwood; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
