Is Moorefield Station, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moorefield Station is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Moorefield Station was a Seller's Market.

Key Takeaway

Moorefield Station 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 Moorefield Station, VA

How much do homes in Moorefield Station, VA cost?

Median Sold Price

$761,000

$305/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$227,249(-23.0%)

Key Takeaway

Homes in Moorefield Station have sold for 23% less than they did a month ago.

Summary: The median home sold price in Moorefield Station was $761,000 in November 2024, down 23% from last month, and the median price per square foot was $305.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $716.9K-
N/A
4 $999.5K$695K
-30.5%
5+ $948.8K$827K
-12.8%

Summary: Moorefield Station housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 30.5%, and 5+ bedroom homes decreased by 12.8%.

Housing Supply in Moorefield Station, VA

How many homes are available in Moorefield Station, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2612-53.8%

Summary: The Moorefield Station real estate market had 12 homes for sale in November 2024, a 53.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 116
-45.5%
4 125
-58.3%
5+ 31
-66.7%

Summary: The Moorefield Station 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 decreased by 45.5%, 4 bedroom homes decreased by 58.3%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
142-85.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moorefield Station, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Moorefield Station in November 2024, down by 85.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Moorefield Station, VA

How long does it take to sell a home in Moorefield Station, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
34 Days17 Days-49.6%

Summary: Homes in Moorefield Station had an average of 17 days on market in Nov 2024, down by 49.6% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Moorefield Station are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Moorefield Station; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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