$7,113 Closing Credit*
$599,000
1,584 SqFt
3 Beds
•2 Full Baths, 2 Partial
Truc T Nguyen, Listing Office: First Decision Realty LLC
Is Newington, 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, Newington has remained a Seller's Market.
Key Takeaway
Newington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newington, VA
How much do homes in Newington, VA cost?
Median Sold Price
$615,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,400(+5.7%)
Key Takeaway
Homes in Newington have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Newington was $615,000 in November 2024, up 5.7% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $482K | $475K | -1.5% |
| 3 Bedrooms | $522.5K | $555K | +6.2% |
| 4 Bedrooms | $733.9K | $780K | +6.3% |
| 5+ Bedrooms | $801K | $824K | +2.9% |
Summary: Newington 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 1.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in Newington, VA
How many homes are available in Newington, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 35 | -7.9% |
Summary: The Newington real estate market had 35 homes for sale in November 2024, a 7.9% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 17 | 10 | -41.2% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Newington 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 20%, 3 bedroom homes decreased by 41.2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 10 | -37.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newington, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Newington in November 2024, down by 37.5% month-over-month. Of the 10 sold homes, 10% were sold under asking, 50% were sold at asking, and 40% were sold over asking.
Days on Market for Newington, VA
How long does it take to sell a home in Newington, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 10 Days | -41.8% |
Summary: Homes in Newington had an average of 10 days on market in Nov 2024, down by 41.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newington are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Newington; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
