Is Neabsco, 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, Neabsco has remained a Seller's Market.
Key Takeaway
Neabsco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Neabsco, VA
How much do homes in Neabsco, VA cost?
Median Sold Price
$443,500
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Neabsco have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Neabsco was $443,500 in May 2024, up 6.9% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $279.5K | $395.3K | +41.4% |
| 3 Bedrooms | $375K | $412.6K | +10.0% |
| 4 Bedrooms | $440K | $472K | +7.3% |
| 5+ Bedrooms | $500K | $512K | +2.4% |
Summary: Neabsco housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Woodbridge | $450K | $484.9K | +7.8% |
| Neabsco | $415K | $443.5K | +6.9% |
| Coles | $563.3K | $600K | +6.5% |
Housing Supply in Neabsco, VA
How many homes are available in Neabsco, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 131 | +37.9% |
Summary: The Neabsco real estate market had 131 homes for sale in May 2024, a 37.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 43 | 54 | +25.6% |
| 4 Bedrooms | 35 | 50 | +42.9% |
| 5+ Bedrooms | 11 | 18 | +63.6% |
Summary: The Neabsco housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 63.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Neabsco, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Neabsco in May 2024, the same as the previous month. Of the 34 sold homes, 18% were sold under asking, 29% were sold at asking, and 53% were sold over asking.
Days on Market for Neabsco, VA
How long does it take to sell a home in Neabsco, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 11 Days | -17.3% |
Summary: Homes in Neabsco had an average of 11 days on market in May 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
30 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 Neabsco are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 34 homes were sold in Neabsco; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
