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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sully is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Sully, VA

How much do homes in Sully, VA cost?

Median Sold Price

$699,523

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$49,126(+7.6%)

Key Takeaway

Homes in Sully have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Sully was $699,523 in November 2024, up 7.6% from last year, and the median price per square foot was $328.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $280K$284.5K
+1.6%
2 $385K$425K
+10.4%
3 $559.2K$607.3K
+8.6%
4 $806.7K$865K
+7.2%
5+ $1.0M$1.1M
+8.6%

Summary: Sully housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Cities

Fairfax
+9.6%
Hunter Mill
+8.0%
Sully
+7.6%
Chantilly
+5.3%
Providence
+4.6%

Housing Supply in Sully, VA

How many homes are available in Sully, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
384348-9.4%

Summary: The Sully real estate market had 348 homes for sale in November 2024, a 9.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1920
+5.3%
2 5856
-3.4%
3 138132
-4.3%
4 11494
-17.5%
5+ 5546
-16.4%

Summary: The Sully housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes decreased by 16.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
146120-17.8%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

57 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sully, you could pay more than the asking price. 47.5% of homes here sold above asking price last month.

Summary: A total of 120 homes were sold or pending in Sully in November 2024, down by 17.8% month-over-month. Of the 120 sold homes, 33% were sold under asking, 19% were sold at asking, and 48% were sold over asking.

Days on Market for Sully, VA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days15 Days+2.0%

Summary: Homes in Sully had an average of 15 days on market in Nov 2024, up by 2% compared to last year.

Breakdown of Home Sale Times

102 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 Sully are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 120 homes were sold in Sully; 85% of homes were sold within 30 days, 14% 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 17 Days Ago

Newest Listings in Sully, VA

Nearby Markets to Sully, VA

What housing markets are near Sully, VA?