$10,000 Closing Credit*
$1,050,000
3,230 SqFt
4 Beds
•3 Full Baths, 1 Partial
Amit Vashist, Listing Office: RE/MAX Real Estate Connections
Is Navy / Vale, 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, 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 October 2023
+$120,000(+11.1%)
Key Takeaway
Homes in Navy / Vale have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Navy / Vale was $1,200,000 in October 2024, up 11.1% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $513.5K | - | N/A |
| 3 Bedrooms | $769.9K | $840K | +9.1% |
| 4 Bedrooms | $960K | $1.1M | +14.6% |
| 5+ Bedrooms | $1.3M | $1.3M | +5.7% |
Summary: Navy / Vale 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 did not change, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 5.7%.
Housing Supply in Navy / Vale, VA
How many homes are available in Navy / Vale, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Summary: The Navy / Vale real estate market had 31 homes for sale in October 2024, a 8.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Navy / Vale housing inventory by bedroom type for October 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 50%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 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. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Navy / Vale in October 2024, up by 9.1% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 14 Days | -1.1% |
Summary: Homes in Navy / Vale had an average of 14 days on market in Oct 2024, down by 1.1% compared to last year.
Breakdown of Home Sale Times
10 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 October 2024, 12 homes were sold in Navy / Vale; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
