$10,000 Closing Credit*
$1,099,900
4,228 SqFt
6 Beds
•3 Full Baths
Joseph S Cleveland, Listing Office: RE/MAX Supercenter
Is James Monroe, 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, James Monroe has remained a Seller's Market.
Key Takeaway
James Monroe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in James Monroe, VA
How much do homes in James Monroe, VA cost?
Median Sold Price
$450,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, up 12.5% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235K | $215K | -8.5% |
| 3 Bedrooms | $343.5K | $410K | +19.4% |
| 4 Bedrooms | $467.5K | $470K | 0.5% |
| 5+ Bedrooms | $475K | $500K | +5.3% |
Summary: James Monroe housing prices by bedroom type for November 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 19.4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| James Monroe | $400K | $450K | +12.5% |
| Shiloh | $492.4K | $552.4K | +12.2% |
| King George | $430K | $460.9K | +7.2% |
| James Madison | $440K | $460.3K | +4.6% |
| Dahlgren | $406K | $380K | -6.4% |
Housing Supply in James Monroe, VA
How many homes are available in James Monroe, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 37 | +15.6% |
Summary: The James Monroe real estate market had 37 homes for sale in November 2024, a 15.6% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The James Monroe 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 remained the same, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were 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, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in James Monroe in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 53 Days | +55.5% |
Summary: Homes in James Monroe had an average of 53 days on market in Nov 2024, up by 55.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in James Monroe are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in James Monroe; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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