$9,203 Closing Credit*
$775,000
3,100 SqFt
4 Beds
•5 Full Baths
Jamie M Brissey, Listing Office: RMG Realty
Is James Monroe, 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, James Monroe was a Seller's Market.
Key Takeaway
James Monroe is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in James Monroe, VA
How much do homes in James Monroe, VA cost?
Median Sold Price
$450,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+12.5%)
Key Takeaway
Homes in James Monroe have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in James Monroe was $450,000 in October 2024, up 12.5% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235K | $215K | -8.5% |
| 3 Bedrooms | $343.5K | $387.5K | +12.8% |
| 4 Bedrooms | $463.7K | $470K | +1.3% |
| 5+ Bedrooms | $475K | $525K | +10.5% |
Summary: James Monroe 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 decreased by 8.5%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Shiloh | $485K | $549.9K | +13.4% |
| James Monroe | $400K | $450K | +12.5% |
| King George | $429.9K | $460K | +7.0% |
| James Madison | $439.9K | $462.7K | +5.2% |
| Dahlgren | $385K | $387.5K | +0.6% |
Housing Supply in James Monroe, VA
How many homes are available in James Monroe, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 38 | 0.0% |
Summary: The James Monroe real estate market had 38 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The James Monroe 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in James Monroe, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in James Monroe in October 2024, down by 58.3% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for James Monroe, VA
How long does it take to sell a home in James Monroe, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 17 Days | -33.6% |
Summary: Homes in James Monroe had an average of 17 days on market in Oct 2024, down by 33.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in James Monroe are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in James Monroe; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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