Is Brookland, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Brookland has remained a Seller's Market.
Housing Prices in Brookland, VA
How much do homes in Brookland, VA cost?
Median Sold Price
$374,611
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brookland was $374,611 in May 2024, up 10.2% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $161.7K | $170K | +5.1% |
2 Bedrooms | $235K | $260K | +10.6% |
3 Bedrooms | $330K | $365K | +10.6% |
4 Bedrooms | $401K | $425K | +6.0% |
5+ Bedrooms | $605K | $638.4K | +5.5% |
Summary: Brookland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
Three Chopt | $465.1K | $519.1K | +11.6% |
South Anna | $457.6K | $505.2K | +10.4% |
Brookland | $340K | $374.6K | +10.2% |
Fairfield | $306K | $333.4K | +9.0% |
Glen Allen | $460K | $485K | +5.4% |
Housing Supply in Brookland, VA
How many homes are available in Brookland, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
165 | 185 | +12.1% |
Summary: The Brookland real estate market had 185 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 22 | 24 | +9.1% |
3 Bedrooms | 78 | 94 | +20.5% |
4 Bedrooms | 52 | 49 | -5.8% |
5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Brookland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 20.5%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 63 | +21.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Brookland in May 2024, up by 21.2% month-over-month. Of the 63 sold homes, 21% were sold under asking, 14% were sold at asking, and 65% were sold over asking.
Days on Market for Brookland, VA
How long does it take to sell a home in Brookland, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 13 Days | +107.6% |
Summary: Homes in Brookland had an average of 13 days on market in May 2024, up by 107.6% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 63 homes were sold in Brookland; 89% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.