$380,000
Land
#10564925, Debbie Crevier-Kent, Listing Office: Cottage Street Realty LLC
Is Marumsco, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Marumsco has remained a Seller's Market.
Key Takeaway
Marumsco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marumsco, VA
How much do homes in Marumsco, VA cost?
Median Sold Price
$441,500
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$24,500(+5.9%)
Key Takeaway
Homes in Marumsco have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Marumsco was $441,500 in December 2024, up 5.9% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $275K | N/A |
| 2 Bedrooms | $290K | $349.9K | +20.7% |
| 3 Bedrooms | $402.5K | $420K | +4.3% |
| 4 Bedrooms | $440K | $472.5K | +7.4% |
| 5+ Bedrooms | $500K | $498.5K | -0.3% |
Summary: Marumsco housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Potomac Mills | $470K | $640K | +36.2% |
| Lake Ridge | $460K | $505K | +9.8% |
| Marumsco | $417K | $441.5K | +5.9% |
Housing Supply in Marumsco, VA
How many homes are available in Marumsco, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 65 | 57 | -12.3% |
Summary: The Marumsco real estate market had 57 homes for sale in December 2024, a 12.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 32 | 31 | -3.1% |
| 4 Bedrooms | 21 | 13 | -38.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Marumsco housing inventory by bedroom type for December 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 3.1%, 4 bedroom homes decreased by 38.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 25 | 20 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marumsco, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Marumsco in December 2024, down by 20.0% month-over-month. Of the 20 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.
Days on Market for Marumsco, VA
How long does it take to sell a home in Marumsco, VA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 16 Days | 22 Days | +39.1% |
Summary: Homes in Marumsco had an average of 22 days on market in Dec 2024, up by 39.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Marumsco are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 20 homes were sold in Marumsco; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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