Is West End, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West End is a seller's market

Buyer's
Market

Difference Since November 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

$593,888

$353/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,745(+4.2%)

Key Takeaway

Homes in West End have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in West End was $593,888 in November 2024, up 4.2% from last year, and the median price per square foot was $353.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $232.5K$259.5K
+11.6%
2 $334.2K$363.2K
+8.7%
3 $562.5K$589.3K
+4.8%
4 $870K$904.7K
+4.0%
5+ $1.3M$1.3M
-3.6%

Summary: West End housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 3.6%.

Housing Supply in West End, VA

How many homes are available in West End, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
222183-17.6%

Summary: The West End real estate market had 183 homes for sale in November 2024, a 17.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 4634
-26.1%
3 10183
-17.8%
4 5546
-16.4%
5+ 1818
0.0%

Summary: The West End housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 26.1%, 3 bedroom homes decreased by 17.8%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7948-39.2%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West End, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in West End in November 2024, down by 39.2% month-over-month. Of the 48 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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

Nov 2023Nov 2024CHANGE
18 Days19 Days+2.1%

Summary: Homes in West End had an average of 19 days on market in Nov 2024, up by 2.1% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West End are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 48 homes were sold in West End; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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