$10,000 Closing Credit*
$939,900
3,208 SqFt
Scott Garnett, Listing Office: Samson Properties
Is The Fan, 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, The Fan has remained a Seller's Market.
Key Takeaway
The Fan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Fan, VA
How much do homes in The Fan, VA cost?
Median Sold Price
$675,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+3.8%)
Key Takeaway
Homes in The Fan have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in The Fan was $675,000 in October 2024, up 3.8% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $235K | +38.2% |
| 2 Bedrooms | $325K | $358.6K | +10.3% |
| 3 Bedrooms | $739.9K | $745K | +0.7% |
| 4 Bedrooms | $900K | $990K | +10.0% |
| 5+ Bedrooms | $1.3M | $1.3M | +0.7% |
Summary: The Fan housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.2%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 0.7%.
Housing Supply in The Fan, VA
How many homes are available in The Fan, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 57 | +1.8% |
Summary: The The Fan real estate market had 57 homes for sale in October 2024, a 1.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 27 | 24 | -11.1% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The The Fan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Fan, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in The Fan in October 2024, up by 15.4% month-over-month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.
Days on Market for The Fan, VA
How long does it take to sell a home in The Fan, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 14 Days | +68.9% |
Summary: Homes in The Fan had an average of 14 days on market in Oct 2024, up by 68.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Fan are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in The Fan; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.