$7,719 Closing Credit*
$650,000
2,292 SqFt
4 Beds
•3 Full Baths, 1 Partial
Joseph L Dettor, Listing Office: Keller Williams Fairfax Gateway
Is Navy / Vale, 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, Navy / Vale has remained a Seller's Market.
Key Takeaway
Navy / Vale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Navy / Vale, VA
How much do homes in Navy / Vale, VA cost?
Median Sold Price
$1,200,000
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$197,500(+19.7%)
Key Takeaway
Homes in Navy / Vale have sold for 19.7% more than they did a year ago.
Summary: The median home sold price in Navy / Vale was $1,200,000 in November 2024, up 19.7% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $513.5K | - | N/A |
| 3 Bedrooms | $769.9K | $840K | +9.1% |
| 4 Bedrooms | $957.2K | $1.1M | +14.9% |
| 5+ Bedrooms | $1.3M | $1.3M | -0.4% |
Summary: Navy / Vale 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 did not change, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 0.4%.
Housing Supply in Navy / Vale, VA
How many homes are available in Navy / Vale, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 25 | -24.2% |
Summary: The Navy / Vale real estate market had 25 homes for sale in November 2024, a 24.2% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 0 | -100.0% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Navy / Vale 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 100%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Navy / Vale, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Navy / Vale in November 2024, down by 35.7% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Navy / Vale, VA
How long does it take to sell a home in Navy / Vale, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 16 Days | -24.3% |
Summary: Homes in Navy / Vale had an average of 16 days on market in Nov 2024, down by 24.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Navy / Vale are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Navy / Vale; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
