$4,750 Closing Credit*
$399,990
1,170 SqFt
2 Beds
•2 Full Baths, 1 Partial
Ravinder R Avala, Listing Office: Premium Realty
Is McNair, 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, McNair has remained a Seller's Market.
Key Takeaway
McNair is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McNair, VA
How much do homes in McNair, VA cost?
Median Sold Price
$585,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$60,000(+11.4%)
Key Takeaway
Homes in McNair have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in McNair was $585,000 in December 2024, up 11.4% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276K | $296K | +7.2% |
| 2 Bedrooms | $395K | $403K | +2.0% |
| 3 Bedrooms | $590K | $625K | +5.9% |
| 4 Bedrooms | $730K | $665.7K | -8.8% |
| 5+ Bedrooms | $829.9K | $797.9K | -3.9% |
Summary: McNair housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 3.9%.
Housing Supply in McNair, VA
How many homes are available in McNair, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 35 | 25 | -28.6% |
Summary: The McNair real estate market had 25 homes for sale in December 2024, a 28.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 0 | -100.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 16 | 11 | -31.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The McNair housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 31.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 7 | -56.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McNair, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in McNair in December 2024, down by 56.3% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for McNair, VA
How long does it take to sell a home in McNair, VA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 34 Days | 11 Days | -66.1% |
Summary: Homes in McNair had an average of 11 days on market in Dec 2024, down by 66.1% compared to last year.
Breakdown of Home Sale Times
7 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 McNair are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 7 homes were sold in McNair; 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.
