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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sudley is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Sudley, VA

How much do homes in Sudley, VA cost?

Median Sold Price

$440,250

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,250(+7.4%)

Key Takeaway

Homes in Sudley have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Sudley was $440,250 in October 2024, up 7.4% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$300K
N/A
2 $332.5K$327K
-1.7%
3 $371K$385.5K
+3.9%
4 $460K$537.5K
+16.8%
5+ $528K$550K
+4.2%

Summary: Sudley 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 1.7%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Neighborhoods

Bull Run District
+9.5%
Sudley
+7.4%
Bull Run
+1.6%

Housing Supply in Sudley, VA

How many homes are available in Sudley, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3437+8.8%

Summary: The Sudley real estate market had 37 homes for sale in October 2024, a 8.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1419
+35.7%
4 1110
-9.1%
5+ 64
-33.3%

Summary: The Sudley 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 33.3%, 3 bedroom homes increased by 35.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1017+70.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sudley, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in Sudley in October 2024, up by 70.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 18% were sold at asking, and 53% were sold over asking.

Days on Market for Sudley, VA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days11 Days-16.5%

Summary: Homes in Sudley had an average of 11 days on market in Oct 2024, down by 16.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 17 homes were sold in Sudley; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in Sudley, VA

Nearby Markets to Sudley, VA