$9,797 Closing Credit*
$825,000
2,004 SqFt
2 Beds
•2 Full Baths, 1 Partial
Robert M Jennings, Listing Office: Compass
Is Old Town North, 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, Old Town North has remained a Seller's Market.
Key Takeaway
Old Town North is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old Town North, VA
How much do homes in Old Town North, VA cost?
Median Sold Price
$699,900
$632/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,900(+1.4%)
Key Takeaway
Homes in Old Town North have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Old Town North was $699,900 in October 2024, up 1.4% from last year, and the median price per square foot was $632.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $358.5K | $360K | 0.4% |
| 2 Bedrooms | $725K | $935K | +29.0% |
| 3 Bedrooms | $1.1M | $1.2M | +6.3% |
| 4 Bedrooms | $2.0M | $2.2M | +10.0% |
| 5+ Bedrooms | $2.0M | - | N/A |
Summary: Old Town North housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Waterfront | $975K | $1.1M | +17.9% |
| Northeast | $722.5K | $812.5K | +12.5% |
| Braddock Road Metro | $799K | $865.5K | +8.3% |
| Old Town North | $690K | $699.9K | +1.4% |
Housing Supply in Old Town North, VA
How many homes are available in Old Town North, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 21 | +75.0% |
Summary: The Old Town North real estate market had 21 homes for sale in October 2024, a 75.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 9 | +80.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Old Town North housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Town North, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Old Town North in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Old Town North, VA
How long does it take to sell a home in Old Town North, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 5 Days | -50.9% |
Summary: Homes in Old Town North had an average of 5 days on market in Oct 2024, down by 50.9% compared to last year.
Breakdown of Home Sale Times
6 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 Old Town North are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Old Town North; 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.
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