$1,899 Closing Credit*
$159,900
2 Beds
•1 Full Bath, 1 Partial
Kandise Powell, Listing Office: Heart of Virginia Realty
Is Miller 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, Miller Park has remained a Seller's Market.
Key Takeaway
Miller Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Miller Park, VA
How much do homes in Miller Park, VA cost?
Median Sold Price
$172,500
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,000(+26.4%)
Key Takeaway
Homes in Miller Park have sold for 26.4% more than they did a year ago.
Summary: The median home sold price in Miller Park was $172,500 in October 2024, up 26.4% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $33K | N/A |
| 2 Bedrooms | $135K | $125K | -7.4% |
| 3 Bedrooms | $135.4K | $205.5K | +51.7% |
| 4 Bedrooms | $235.9K | $213K | -9.7% |
| 5+ Bedrooms | $145K | $230K | +58.6% |
Summary: Miller Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 51.7%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 58.6%.
Housing Supply in Miller Park, VA
How many homes are available in Miller Park, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The Miller Park real estate market had 22 homes for sale in October 2024, a 4.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Miller Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Miller Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Miller Park in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Miller Park, VA
How long does it take to sell a home in Miller Park, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 16 Days | +60.0% |
Summary: Homes in Miller Park had an average of 16 days on market in Oct 2024, up by 60% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Miller Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Miller Park; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
