$10,000 Closing Credit*
$1,060,000
1,920 SqFt
3 Beds
•4 Full Baths, 1 Partial
Sue S Goodhart, Listing Office: Compass
Is Northeast, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Northeast has remained a Seller's Market.
Key Takeaway
Northeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northeast, VA
How much do homes in Northeast, VA cost?
Median Sold Price
$805,000
$534/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$85,000(+11.8%)
Key Takeaway
Homes in Northeast have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Northeast was $805,000 in December 2024, up 11.8% from last year, and the median price per square foot was $534.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $299.4K | +1.5% |
| 2 Bedrooms | $720K | $800K | +11.1% |
| 3 Bedrooms | $850K | $961.3K | +13.1% |
| 4 Bedrooms | $955K | $1.0M | +10.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Northeast housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Northeast | $720K | $805K | +11.8% |
| Waterfront | $989.9K | $994.2K | 0.4% |
Housing Supply in Northeast, VA
How many homes are available in Northeast, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The Northeast real estate market had 13 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Northeast housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Northeast in December 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Northeast, VA
How long does it take to sell a home in Northeast, VA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 37 Days | 20 Days | -45.9% |
Summary: Homes in Northeast had an average of 20 days on market in Dec 2024, down by 45.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northeast are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 4 homes were sold in Northeast; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
