$9,202 Closing Credit*
$774,900
2,296 SqFt
4 Beds
•3 Full Baths
Harry R Brubaker, Listing Office: Samson Properties
Is Newington, 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, 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
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+7.9%)
Key Takeaway
Homes in Newington have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Newington was $615,000 in October 2024, up 7.9% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $482K | $438.5K | -9.0% |
| 3 Bedrooms | $525K | $550K | +4.8% |
| 4 Bedrooms | $716.9K | $780K | +8.8% |
| 5+ Bedrooms | $830K | $799.5K | -3.7% |
Summary: Newington 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 9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 3.7%.
Housing Supply in Newington, VA
How many homes are available in Newington, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 40 | +21.2% |
Summary: The Newington real estate market had 40 homes for sale in October 2024, a 21.2% 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 | 2 | 5 | +150.0% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 6 | 12 | +100.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Newington 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 increased by 150%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newington, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Newington in October 2024, up by 23.1% month-over-month. Of the 16 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 15 Days | +59.8% |
Summary: Homes in Newington had an average of 15 days on market in Oct 2024, up by 59.8% compared to last year.
Breakdown of Home Sale Times
14 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 Newington are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Newington; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
