$3,384 Closing Credit*
$285,000
840 SqFt
1 Bed
•1 Full Bath
Patrick Pinnata, Listing Office: KW Metro Center
Is West Springfield, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, West Springfield has remained a Seller's Market.
Key Takeaway
West Springfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Springfield, VA
How much do homes in West Springfield, VA cost?
Median Sold Price
$640,000
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$12,500(-1.9%)
Key Takeaway
Homes in West Springfield have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in West Springfield was $640,000 in November 2024, down 1.9% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $253K | +3.3% |
| 2 Bedrooms | $347K | $368K | +6.1% |
| 3 Bedrooms | $612.5K | $590K | -3.7% |
| 4 Bedrooms | $732.9K | $781K | +6.6% |
| 5+ Bedrooms | $907.7K | $925K | +1.9% |
Summary: West Springfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in West Springfield, VA
How many homes are available in West Springfield, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 52 | -10.3% |
Summary: The West Springfield real estate market had 52 homes for sale in November 2024, a 10.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 10 | 5 | -50.0% |
Summary: The West Springfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Springfield, expect to pay close to the asking price. 36.8% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in West Springfield in November 2024, down by 5.0% month-over-month. Of the 19 sold homes, 32% were sold under asking, 37% were sold at asking, and 32% were sold over asking.
Days on Market for West Springfield, VA
How long does it take to sell a home in West Springfield, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 22 Days | +154.5% |
Summary: Homes in West Springfield had an average of 22 days on market in Nov 2024, up by 154.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Springfield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in West Springfield; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
