$4,512 Closing Credit*
$379,990
1,966 SqFt
3 Beds
•2 Full Baths, 1 Partial
Dorelba Maria Estrada, Listing Office: New Home Star Virginia, LLC
Is Millwood, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Millwood was a Seller's Market.
Key Takeaway
Millwood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Millwood, VA
How much do homes in Millwood, VA cost?
Median Sold Price
$611,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$68,550(+12.6%)
Key Takeaway
Homes in Millwood have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Millwood was $611,000 in November 2024, up 12.6% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.4M | $527K | -62.4% |
| 2 Bedrooms | $423.5K | $277K | -34.6% |
| 3 Bedrooms | $445K | $575K | +29.2% |
| 4 Bedrooms | $599K | $635K | +6.0% |
| 5+ Bedrooms | $1.0M | $625K | -42.9% |
Summary: Millwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.4%, 2 bedroom homes decreased by 34.6%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 42.9%.
Median Sold Price Compared To Nearby Cities
| Millwood | $542.4K | $611K | +12.6% |
| Buckmarsh | $470K | $485K | +3.2% |
| Berryville | $580K | $470K | -19.0% |
Housing Supply in Millwood, VA
How many homes are available in Millwood, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The Millwood real estate market had 13 homes for sale in November 2024, a 18.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Millwood 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millwood, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Millwood in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Millwood, VA
How long does it take to sell a home in Millwood, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 8 Days | -72.5% |
Summary: Homes in Millwood had an average of 8 days on market in Nov 2024, down by 72.5% compared to last year.
Breakdown of Home Sale Times
2 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 Millwood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Millwood; 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.
