$7,779 Closing Credit*
$655,070
2,198 SqFt
4 Beds
•3 Full Baths, 1 Partial
Vicki M Benson, Listing Office: Pearson Smith Realty, LLC
Is Neabsco, 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, 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
$464,500
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,500(+9.3%)
Key Takeaway
Homes in Neabsco have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Neabsco was $464,500 in November 2024, up 9.3% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $394.1K | $340K | -13.7% |
| 3 Bedrooms | $392K | $425K | +8.4% |
| 4 Bedrooms | $455K | $485K | +6.6% |
| 5+ Bedrooms | $500K | $530K | +6.0% |
Summary: Neabsco 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 decreased by 13.7%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
| Coles | $575K | $635.7K | +10.5% |
| Neabsco | $425K | $464.5K | +9.3% |
| Woodbridge | $470K | $499.9K | +6.4% |
Housing Supply in Neabsco, VA
How many homes are available in Neabsco, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 137 | 110 | -19.7% |
Summary: The Neabsco real estate market had 110 homes for sale in November 2024, a 19.7% 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 | 1 | +100.0% |
| 3 Bedrooms | 71 | 53 | -25.4% |
| 4 Bedrooms | 44 | 38 | -13.6% |
| 5+ Bedrooms | 22 | 18 | -18.2% |
Summary: The Neabsco 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 increased by 100%, 3 bedroom homes decreased by 25.4%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 33 | -40.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Neabsco, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Neabsco in November 2024, down by 40.0% month-over-month. Of the 33 sold homes, 24% were sold under asking, 30% were sold at asking, and 45% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 31 Days | +119.7% |
Summary: Homes in Neabsco had an average of 31 days on market in Nov 2024, up by 119.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Neabsco are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 33 homes were sold in Neabsco; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
