$10,000 Closing Credit*
$2,100,000
2,930 SqFt
3 Beds
•3 Full Baths, 1 Partial
Jack Shoptaw III, Listing Office: CENTURY 21 New Millennium
Is Waterfront, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$994,225
$777/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$4,325(+0.4%)
Key Takeaway
The sold price of homes in Waterfront has remained the same since last year.
Summary: The median home sold price in Waterfront was $994,225 in December 2024, up 0.4% from last year, and the median price per square foot was $777.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $585.4K | $587K | 0.3% |
| 2 Bedrooms | $988.4K | $994.2K | +0.6% |
| 3 Bedrooms | $2.0M | $1.6M | -18.0% |
| 4 Bedrooms | $2.6M | $2.8M | +9.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Waterfront housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 18%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Old Town | $1.0M | $1.2M | +23.5% |
| Waterfront | $989.9K | $994.2K | 0.4% |
Housing Supply in Waterfront, VA
How many homes are available in Waterfront, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 11 | -38.9% |
Summary: The Waterfront real estate market had 11 homes for sale in December 2024, a 38.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 5 | -44.4% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 3 | 0 | -100.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Waterfront housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 44.4%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waterfront, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Waterfront in December 2024, down by 75.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 33 Days | 65 Days | +97.4% |
Summary: Homes in Waterfront had an average of 65 days on market in Dec 2024, up by 97.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Waterfront has remained consistent over time.
Summary: During December 2024, 2 homes were sold in Waterfront; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
