$10,000 Closing Credit*
$939,900
3,208 SqFt
Scott Garnett, Listing Office: Samson Properties
Is West End, 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, West End has remained a Seller's Market.
Key Takeaway
West End is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West End, VA
How much do homes in West End, VA cost?
Median Sold Price
$593,858
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,317(+7.5%)
Key Takeaway
Homes in West End have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in West End was $593,858 in October 2024, up 7.5% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $228K | $259.5K | +13.8% |
| 2 Bedrooms | $334.2K | $360K | +7.7% |
| 3 Bedrooms | $540K | $585K | +8.3% |
| 4 Bedrooms | $882K | $860K | -2.5% |
| 5+ Bedrooms | $1.4M | $1.3M | -6.3% |
Summary: West End housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in West End, VA
How many homes are available in West End, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 211 | 227 | +7.6% |
Summary: The West End real estate market had 227 homes for sale in October 2024, a 7.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 37 | 44 | +18.9% |
| 3 Bedrooms | 111 | 106 | -4.5% |
| 4 Bedrooms | 51 | 57 | +11.8% |
| 5+ Bedrooms | 11 | 18 | +63.6% |
Summary: The West End 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 18.9%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 63.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 75 | +47.1% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West End, you could pay more than the asking price. 43.2% of homes here sold above asking price last month.
Summary: A total of 75 homes were sold or pending in West End in October 2024, up by 47.1% month-over-month. Of the 74 sold homes, 36% were sold under asking, 20% were sold at asking, and 43% were sold over asking.
Days on Market for West End, VA
How long does it take to sell a home in West End, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 17 Days | +44.4% |
Summary: Homes in West End had an average of 17 days on market in Oct 2024, up by 44.4% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West End are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 75 homes were sold in West End; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
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