$10,000 Closing Credit*
$900,000
2 Beds
•2 Full Baths
Shari R Gronvall, Listing Office: Compass
Is Radnor / Ft. Myer Heights, 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, Radnor / Ft. Myer Heights has remained a Seller's Market.
Key Takeaway
Radnor / Ft. Myer Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Radnor / Ft. Myer Heights, VA
How much do homes in Radnor / Ft. Myer Heights, VA cost?
Median Sold Price
$552,500
$524/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$107,500(+24.2%)
Key Takeaway
Homes in Radnor / Ft. Myer Heights have sold for 24.2% more than they did a year ago.
Summary: The median home sold price in Radnor / Ft. Myer Heights was $552,500 in October 2024, up 24.2% from last year, and the median price per square foot was $524.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262.2K | $262.4K | 0.1% |
| 2 Bedrooms | $630K | $739.5K | +17.4% |
| 3 Bedrooms | $1.4M | $1.2M | -11.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Radnor / Ft. Myer Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 17.4%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Radnor / Ft. Myer Heights | $445K | $552.5K | +24.2% |
| Arlington | $719.9K | $766.6K | +6.5% |
| Colonial Village | $330K | $328.7K | -0.4% |
| North Rosslyn | $888.5K | $880K | -1.0% |
Housing Supply in Radnor / Ft. Myer Heights, VA
How many homes are available in Radnor / Ft. Myer Heights, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 42 | +5.0% |
Summary: The Radnor / Ft. Myer Heights real estate market had 42 homes for sale in October 2024, a 5.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 21 | +10.5% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Radnor / Ft. Myer Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.5%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Radnor / Ft. Myer Heights, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Radnor / Ft. Myer Heights in October 2024, up by 100.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 42% were sold at asking, and 25% were sold over asking.
Days on Market for Radnor / Ft. Myer Heights, VA
How long does it take to sell a home in Radnor / Ft. Myer Heights, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 29 Days | +17.7% |
Summary: Homes in Radnor / Ft. Myer Heights had an average of 29 days on market in Oct 2024, up by 17.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Radnor / Ft. Myer Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Radnor / Ft. Myer Heights; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
