$9,488 Closing Credit*
$799,000
2,206 SqFt
3 Beds
•2 Full Baths, 1 Partial
Vickie Walker, Listing Office: Keller Williams Fairfax Gateway
Is Lottsburg, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lottsburg has remained a Seller's Market.
Key Takeaway
Lottsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lottsburg, VA
How much do homes in Lottsburg, VA cost?
Median Sold Price
$389,000
$334/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$150,950(-28.0%)
Key Takeaway
Homes in Lottsburg have sold for 28% less than they did a month ago.
Summary: The median home sold price in Lottsburg was $389,000 in October 2024, down 28% from last month, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $389K | N/A |
| 3 Bedrooms | - | $200K | N/A |
| 4 Bedrooms | $539.9K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lottsburg housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Callao | $99K | $225K | +127.3% |
| Lottsburg | $539.9K | $389K | -28.0% |
Housing Supply in Lottsburg, VA
How many homes are available in Lottsburg, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Lottsburg real estate market had 10 homes for sale in October 2024, a 9.1% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lottsburg 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lottsburg, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lottsburg in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lottsburg, VA
How long does it take to sell a home in Lottsburg, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 Days | 42 Days | +2033.3% |
Summary: Homes in Lottsburg had an average of 42 days on market in Oct 2024, up by 2033.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lottsburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Lottsburg; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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