$10,000 Closing Credit*
$2,000,000
4,378 SqFt
4 Beds
•5 Full Baths, 1 Partial
Natalie U Roy, Listing Office: KW Metro Center
Is Lyon Park, 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, 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
$1,112,500
$541/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+1.1%)
Key Takeaway
Homes in Lyon Park have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Lyon Park was $1,112,500 in October 2024, up 1.1% from last year, and the median price per square foot was $541.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $329K | +7.9% |
| 2 Bedrooms | $457.5K | $697.5K | +52.5% |
| 3 Bedrooms | $935K | $972.5K | +4.0% |
| 4 Bedrooms | $1.3M | $1.4M | +5.5% |
| 5+ Bedrooms | $2.1M | $2.0M | -7.0% |
Summary: Lyon Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 52.5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Neighborhoods
| Arlington | $719.9K | $766.6K | +6.5% |
| Clarendon / Courthouse | $615K | $622.5K | +1.2% |
| Lyon Park | $1.1M | $1.1M | +1.1% |
| Penrose | $807.5K | $712.2K | -11.8% |
Housing Supply in Lyon Park, VA
How many homes are available in Lyon Park, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Summary: The Lyon Park real estate market had 14 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 | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Lyon Park 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lyon Park, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Lyon Park in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 4 Days | -85.8% |
Summary: Homes in Lyon Park had an average of 4 days on market in Oct 2024, down by 85.8% compared to last year.
Breakdown of Home Sale Times
4 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 Lyon Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Lyon Park; 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.
