$9,797 Closing Credit*
$825,000
3,072 SqFt
4 Beds
•4 Full Baths, 1 Partial
Toya L Lodon, Listing Office: Agency Realty, LLC
Is Lorton, 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, Lorton has remained a Seller's Market.
Key Takeaway
Lorton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lorton, VA
How much do homes in Lorton, VA cost?
Median Sold Price
$668,750
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$93,750(+16.3%)
Key Takeaway
Homes in Lorton have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Lorton was $668,750 in November 2024, up 16.3% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $387.5K | $330.1K | -14.8% |
| 3 Bedrooms | $515K | $562.5K | +9.2% |
| 4 Bedrooms | $698K | $772K | +10.6% |
| 5+ Bedrooms | $852K | $890K | +4.5% |
Summary: Lorton 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 14.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in Lorton, VA
How many homes are available in Lorton, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Summary: The Lorton real estate market had 27 homes for sale in November 2024, a 6.9% decrease 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Lorton 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 decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lorton, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Lorton in November 2024, up by 11.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 50% were sold at asking, and 30% were sold over asking.
Days on Market for Lorton, VA
How long does it take to sell a home in Lorton, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 17 Days | -5.9% |
Summary: Homes in Lorton had an average of 17 days on market in Nov 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
9 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 Lorton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Lorton; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
