Is Pohick, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pohick is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Pohick has remained a Seller's Market.

Key Takeaway

Pohick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pohick, VA

How much do homes in Pohick, VA cost?

Median Sold Price

$800,000

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$41,121(+5.4%)

Key Takeaway

Homes in Pohick have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Pohick was $800,000 in November 2024, up 5.4% from last year, and the median price per square foot was $328.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $310K$310K
0.0%
2 $411.5K$429K
+4.3%
3 $560K$600K
+7.1%
4 $823.3K$879.5K
+6.8%
5+ $960.3K$1.0M
+9.9%

Summary: Pohick housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 9.9%.

Housing Supply in Pohick, VA

How many homes are available in Pohick, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
305262-14.1%

Summary: The Pohick real estate market had 262 homes for sale in November 2024, a 14.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2216
-27.3%
3 10596
-8.6%
4 11795
-18.8%
5+ 6155
-9.8%

Summary: The Pohick housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 9.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
121101-16.5%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

44 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pohick, you could pay more than the asking price. 43.6% of homes here sold above asking price last month.

Summary: A total of 101 homes were sold or pending in Pohick in November 2024, down by 16.5% month-over-month. Of the 101 sold homes, 35% were sold under asking, 22% were sold at asking, and 44% were sold over asking.

Days on Market for Pohick, VA

How long does it take to sell a home in Pohick, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days19 Days+1.0%

Summary: Homes in Pohick had an average of 19 days on market in Nov 2024, up by 1% compared to last year.

Breakdown of Home Sale Times

83 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pohick are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 101 homes were sold in Pohick; 82% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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