$5,332 Closing Credit*
$449,000
1,120 SqFt
3 Beds
•1 Full Bath, 1 Partial
Meg Grymes, Listing Office: The Steele Group
Is Scott's Addition, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Scott's Addition has remained a Buyer's Market.
Key Takeaway
Scott's Addition is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Scott's Addition, VA
How much do homes in Scott's Addition, VA cost?
Median Sold Price
$481,540
$317/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$106,540(+28.4%)
Key Takeaway
Homes in Scott's Addition have sold for 28.4% more than they did a month ago.
Summary: The median home sold price in Scott's Addition was $481,540 in November 2024, up 28.4% from last month, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | $459.4K | +22.5% |
| 3 Bedrooms | - | $503.5K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Scott's Addition housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Scott's Addition, VA
How many homes are available in Scott's Addition, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The Scott's Addition real estate market had 17 homes for sale in November 2024, a 21.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Scott's Addition 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 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scott's Addition, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Scott's Addition in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Scott's Addition, VA
How long does it take to sell a home in Scott's Addition, VA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 57 Days | +185.0% |
Summary: Homes in Scott's Addition had an average of 57 days on market in Nov 2024, up by 185% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Scott's Addition are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Scott's Addition; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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