$4,334 Closing Credit*
$365,000
1,105 SqFt
2 Beds
•2 Full Baths
Karen A Miller, Listing Office: Compass
Is Lansdowne, 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, Lansdowne has remained a Seller's Market.
Key Takeaway
Lansdowne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lansdowne, VA
How much do homes in Lansdowne, VA cost?
Median Sold Price
$590,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$50,000(-7.8%)
Key Takeaway
Homes in Lansdowne have sold for 7.8% less than they did a year ago.
Summary: The median home sold price in Lansdowne was $590,000 in October 2024, down 7.8% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $274.5K | $285K | +3.8% |
| 2 Bedrooms | $390K | $410K | +5.1% |
| 3 Bedrooms | $680.9K | $569.5K | -16.4% |
| 4 Bedrooms | $883K | $925K | +4.8% |
| 5+ Bedrooms | $1.1M | $1.2M | +16.8% |
Summary: Lansdowne housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 16.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 16.8%.
Housing Supply in Lansdowne, VA
How many homes are available in Lansdowne, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 49 | +16.7% |
Summary: The Lansdowne real estate market had 49 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 20 | 23 | +15.0% |
| 3 Bedrooms | 11 | 16 | +45.5% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Lansdowne housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 45.5%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lansdowne, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Lansdowne in October 2024, up by 77.8% month-over-month. Of the 16 sold homes, 44% were sold under asking, 25% were sold at asking, and 31% were sold over asking.
Days on Market for Lansdowne, VA
How long does it take to sell a home in Lansdowne, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 16 Days | +8.4% |
Summary: Homes in Lansdowne had an average of 16 days on market in Oct 2024, up by 8.4% compared to last year.
Breakdown of Home Sale Times
14 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 Lansdowne are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Lansdowne; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
