$3,561 Closing Credit*
$299,900
2,617 SqFt
Stacy Powell, Listing Office: Keller Williams
Is Sunburst, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Sunburst has remained a Seller's Market.
Key Takeaway
Sunburst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sunburst, VA
How much do homes in Sunburst, VA cost?
Median Sold Price
$311,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$22,050(+7.6%)
Key Takeaway
Homes in Sunburst have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Sunburst was $311,000 in September 2024, up 7.6% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $186.5K | $216.2K | +15.9% |
| 3 Bedrooms | $279.4K | $269.9K | -3.4% |
| 4 Bedrooms | $360.3K | $385K | +6.9% |
| 5+ Bedrooms | $389K | $355K | -8.7% |
Summary: Sunburst housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 8.7%.
Housing Supply in Sunburst, VA
How many homes are available in Sunburst, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 54 | 49 | -9.3% |
Summary: The Sunburst real estate market had 49 homes for sale in September 2024, a 9.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 25 | 26 | +4.0% |
| 4 Bedrooms | 18 | 12 | -33.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Sunburst housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sunburst, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Sunburst in September 2024, down by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for Sunburst, VA
How long does it take to sell a home in Sunburst, VA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 29 Days | 88 Days | +200.9% |
Summary: Homes in Sunburst had an average of 88 days on market in Sep 2024, up by 200.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sunburst are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 12 homes were sold in Sunburst; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.