$10,000 Closing Credit*
$1,695,000
2,495 SqFt
3 Beds
•3 Full Baths, 2 Partial
Sue S Goodhart, Listing Office: Compass
Is Old Town, 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, Old Town has remained a Seller's Market.
Key Takeaway
Old Town is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old Town, VA
How much do homes in Old Town, VA cost?
Median Sold Price
$1,235,000
$682/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$235,000(+23.5%)
Key Takeaway
Homes in Old Town have sold for 23.5% more than they did a year ago.
Summary: The median home sold price in Old Town was $1,235,000 in December 2024, up 23.5% from last year, and the median price per square foot was $682.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $547.9K | $503K | -8.2% |
| 2 Bedrooms | $812.5K | $990K | +21.8% |
| 3 Bedrooms | $1.3M | $1.4M | +12.3% |
| 4 Bedrooms | $1.4M | $1.7M | +19.1% |
| 5+ Bedrooms | $2.5M | $2.6M | +4.2% |
Summary: Old Town housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Old Town | $1.0M | $1.2M | +23.5% |
| Braddock Road Metro | $799.9K | $838K | +4.8% |
| Southwest Quadrant | $790K | $810K | +2.5% |
| Waterfront | $989.9K | $994.2K | 0.4% |
Housing Supply in Old Town, VA
How many homes are available in Old Town, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The Old Town real estate market had 28 homes for sale in December 2024, a 6.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Old Town housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Old Town, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Old Town in December 2024, down by 18.2% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Old Town, VA
How long does it take to sell a home in Old Town, VA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 53 Days | 29 Days | -43.6% |
Summary: Homes in Old Town had an average of 29 days on market in Dec 2024, down by 43.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Old Town are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 9 homes were sold in Old Town; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
