$5,997 Closing Credit*
$505,000
1,713 SqFt
5 Beds
•2 Full Baths
Milagro De la paz Torres de Zelaya, Listing Office: KW Metro Center
Is Neabsco, 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, Neabsco has remained a Seller's Market.
Key Takeaway
Neabsco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Neabsco, VA
How much do homes in Neabsco, VA cost?
Median Sold Price
$462,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,033(+8.7%)
Key Takeaway
Homes in Neabsco have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Neabsco was $462,000 in October 2024, up 8.7% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $394.1K | $340K | -13.7% |
| 3 Bedrooms | $385K | $425K | +10.4% |
| 4 Bedrooms | $450K | $485K | +7.8% |
| 5+ Bedrooms | $502.5K | $530K | +5.5% |
Summary: Neabsco 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 13.7%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Coles | $574.7K | $626.4K | +9.0% |
| Neabsco | $424.9K | $462K | +8.7% |
| Woodbridge | $466.9K | $499.8K | +7.1% |
Housing Supply in Neabsco, VA
How many homes are available in Neabsco, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 138 | 149 | +8.0% |
Summary: The Neabsco real estate market had 149 homes for sale in October 2024, a 8.0% increase 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 | 3 | 0 | -100.0% |
| 3 Bedrooms | 69 | 78 | +13.0% |
| 4 Bedrooms | 46 | 50 | +8.7% |
| 5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The Neabsco 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 decreased by 100%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 52 | +36.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Neabsco, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 52 homes were sold or pending in Neabsco in October 2024, up by 36.8% month-over-month. Of the 52 sold homes, 21% were sold under asking, 33% were sold at asking, and 46% were sold over asking.
Days on Market for Neabsco, VA
How long does it take to sell a home in Neabsco, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 15 Days | -27.3% |
Summary: Homes in Neabsco had an average of 15 days on market in Oct 2024, down by 27.3% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Neabsco are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 52 homes were sold in Neabsco; 83% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
