$3,622 Closing Credit*
$305,000
1,234 SqFt
3 Beds
•2 Full Baths
Daan De Raedt, Listing Office: Property Collective
Is Marumsco, 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, 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
$440,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+6.0%)
Key Takeaway
Homes in Marumsco have sold for 6% more than they did a year ago.
Summary: The median home sold price in Marumsco was $440,000 in November 2024, up 6% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $275K | N/A |
| 2 Bedrooms | $295K | $327.5K | +11.0% |
| 3 Bedrooms | $400K | $416.5K | +4.1% |
| 4 Bedrooms | $440K | $474.9K | +7.9% |
| 5+ Bedrooms | $505K | $497.1K | -1.6% |
Summary: Marumsco housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Potomac Mills | $400K | $660K | +65.0% |
| Lake Ridge | $460K | $500K | +8.7% |
| Marumsco | $415K | $440K | +6.0% |
Housing Supply in Marumsco, VA
How many homes are available in Marumsco, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 68 | -9.3% |
Summary: The Marumsco real estate market had 68 homes for sale in November 2024, a 9.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 31 | 31 | 0.0% |
| 4 Bedrooms | 30 | 22 | -26.7% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Marumsco housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 22 | -26.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marumsco, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Marumsco in November 2024, down by 26.7% month-over-month. Of the 22 sold homes, 32% were sold under asking, 23% were sold at asking, and 45% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 11 Days | +35.1% |
Summary: Homes in Marumsco had an average of 11 days on market in Nov 2024, up by 35.1% compared to last year.
Breakdown of Home Sale Times
22 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 Marumsco are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Marumsco; 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.
