$7,066 Closing Credit*
$595,000
771 SqFt
1 Bed
•1 Full Bath
Gunther Hemmer, Listing Office: Samson Properties
Is Waterfront, 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, Waterfront has remained a Seller's Market.
Key Takeaway
Waterfront is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waterfront, VA
How much do homes in Waterfront, VA cost?
Median Sold Price
$1,150,000
$783/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$175,000(+17.9%)
Key Takeaway
Homes in Waterfront have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in Waterfront was $1,150,000 in October 2024, up 17.9% from last year, and the median price per square foot was $783.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $576.4K | $596.2K | +3.4% |
| 2 Bedrooms | $972.5K | $1.1M | +14.3% |
| 3 Bedrooms | $1.9M | $1.6M | -16.8% |
| 4 Bedrooms | $2.3M | $2.8M | +20.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Waterfront housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 16.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Old Town | $990K | $1.3M | +31.3% |
| Waterfront | $975K | $1.1M | +17.9% |
| Old Town North | $690K | $699.9K | +1.4% |
Housing Supply in Waterfront, VA
How many homes are available in Waterfront, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 30 | +30.4% |
Summary: The Waterfront real estate market had 30 homes for sale in October 2024, a 30.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 9 | +125.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Waterfront housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 125%, 2 bedroom homes increased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 11 | +450.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waterfront, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Waterfront in October 2024, up by 450.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Waterfront, VA
How long does it take to sell a home in Waterfront, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 27 Days | +18.8% |
Summary: Homes in Waterfront had an average of 27 days on market in Oct 2024, up by 18.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Waterfront are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Waterfront; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
