$10,000 Closing Credit*
$2,199,000
4,450 SqFt
6 Beds
•5 Full Baths, 1 Partial
Kristen Schifano, Listing Office: RLAH @properties
Is Lyon Park, 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, Lyon Park has remained a Seller's Market.
Key Takeaway
Lyon Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lyon Park, VA
How much do homes in Lyon Park, VA cost?
Median Sold Price
$1,150,000
$527/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+4.5%)
Key Takeaway
Homes in Lyon Park have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Lyon Park was $1,150,000 in November 2024, up 4.5% from last year, and the median price per square foot was $527.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $306K | $329K | +7.5% |
| 2 Bedrooms | $457.5K | $575K | +25.7% |
| 3 Bedrooms | $850.5K | $1.0M | +19.4% |
| 4 Bedrooms | $1.3M | $1.4M | +5.5% |
| 5+ Bedrooms | $2.1M | $2.0M | -4.2% |
Summary: Lyon Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Arlington | $723.7K | $765.2K | +5.7% |
| Lyon Park | $1.1M | $1.1M | +4.5% |
| Arlington Heights | $850K | $850K | 0.0% |
| Clarendon / Courthouse | $617.5K | $605K | -2.0% |
| Penrose | $815K | $699.5K | -14.2% |
Housing Supply in Lyon Park, VA
How many homes are available in Lyon Park, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Lyon Park real estate market had 14 homes for sale in November 2024, a 7.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Lyon Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 60%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
4 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 Lyon Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lyon Park in November 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lyon Park, VA
How long does it take to sell a home in Lyon Park, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 45 Days | +51.7% |
Summary: Homes in Lyon Park had an average of 45 days on market in Nov 2024, up by 51.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lyon Park has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Lyon Park; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
