$3,561 Closing Credit*
$299,900
1,984 SqFt
4 Beds
•2 Full Baths, 1 Partial
Katy A Kidwell, Listing Office: Burch Real Estate Group, LLC
Is Opequon, 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, Opequon has remained a Seller's Market.
Key Takeaway
Opequon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Opequon, VA
How much do homes in Opequon, VA cost?
Median Sold Price
$429,993
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,006(-1.6%)
Key Takeaway
Homes in Opequon have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Opequon was $429,993 in October 2024, down 1.6% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $407.5K | $267.5K | -34.4% |
| 3 Bedrooms | $387.5K | $410K | +5.8% |
| 4 Bedrooms | $450K | $494.4K | +9.9% |
| 5+ Bedrooms | $519.9K | $525.3K | +1.0% |
Summary: Opequon 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 34.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
| North River | $330K | $384K | +16.4% |
| Shawnee | $391.5K | $424.9K | +8.5% |
| Stephens City | $382.5K | $399.9K | +4.5% |
| Opequon | $437K | $429.9K | -1.6% |
| Middletown | $544.9K | $429.9K | -21.1% |
Housing Supply in Opequon, VA
How many homes are available in Opequon, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 101 | 0.0% |
Summary: The Opequon real estate market had 101 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 48 | 45 | -6.3% |
| 4 Bedrooms | 34 | 33 | -2.9% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Opequon 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 21.4%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Opequon, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Opequon in October 2024, down by 8.0% month-over-month. Of the 23 sold homes, 52% were sold under asking, 22% were sold at asking, and 26% were sold over asking.
Days on Market for Opequon, VA
How long does it take to sell a home in Opequon, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 33 Days | +63.2% |
Summary: Homes in Opequon had an average of 33 days on market in Oct 2024, up by 63.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Opequon are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Opequon; 52% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
