$9,500 Closing Credit*
$800,000
2,423 SqFt
4 Beds
•3 Full Baths, 1 Partial
Mary M Calderwood, Listing Office: Integrity Real Estate Group
Is Lorton, 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, 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
$630,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,500(+5.6%)
Key Takeaway
Homes in Lorton have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Lorton was $630,000 in October 2024, up 5.6% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $395K | $330.1K | -16.4% |
| 3 Bedrooms | $515.1K | $535.5K | +4.0% |
| 4 Bedrooms | $710K | $757K | +6.6% |
| 5+ Bedrooms | $850K | $885K | +4.1% |
Summary: Lorton 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 16.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in Lorton, VA
How many homes are available in Lorton, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 31 | -18.4% |
Summary: The Lorton real estate market had 31 homes for sale in October 2024, a 18.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 10 | 15 | +50.0% |
| 4 Bedrooms | 17 | 9 | -47.1% |
| 5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Lorton 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 25%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 47.1%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 9 | -47.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lorton, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Lorton in October 2024, down by 47.1% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 14 Days | +23.4% |
Summary: Homes in Lorton had an average of 14 days on market in Oct 2024, up by 23.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were 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 October 2024, 9 homes were sold in Lorton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
