$10,000 Closing Credit*
$999,999
2,340 SqFt
5 Beds
•3 Full Baths, 1 Partial
Roxanne Y. Southern, Listing Office: Samson Properties
Is Lake Barcroft, 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, Lake Barcroft has remained a Seller's Market.
Key Takeaway
Lake Barcroft is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Barcroft, VA
How much do homes in Lake Barcroft, VA cost?
Median Sold Price
$942,000
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$92,000(+10.8%)
Key Takeaway
Homes in Lake Barcroft have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Lake Barcroft was $942,000 in October 2024, up 10.8% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209.5K | $220K | +5.0% |
| 2 Bedrooms | $249.5K | $265.5K | +6.4% |
| 3 Bedrooms | $810K | $875K | +8.0% |
| 4 Bedrooms | $915K | $1.0M | +17.7% |
| 5+ Bedrooms | $1.1M | $1.2M | +5.4% |
Summary: Lake Barcroft housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in Lake Barcroft, VA
How many homes are available in Lake Barcroft, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 22 | -26.7% |
Summary: The Lake Barcroft real estate market had 22 homes for sale in October 2024, a 26.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 9 | 3 | -66.7% |
Summary: The Lake Barcroft housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Barcroft, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Lake Barcroft in October 2024, down by 38.5% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Lake Barcroft, VA
How long does it take to sell a home in Lake Barcroft, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 21 Days | -30.6% |
Summary: Homes in Lake Barcroft had an average of 21 days on market in Oct 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
6 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 Lake Barcroft are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Lake Barcroft; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
