Is Colonial Beach, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Colonial Beach was a Seller's Market.
Housing Prices in Colonial Beach, VA
How much do homes in Colonial Beach, VA cost?
Median Sold Price
$310,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Colonial Beach was $310,000 in April 2024, up 3.4% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $230K | +7.0% |
2 Bedrooms | $285K | $265K | -7.0% |
3 Bedrooms | $293K | $305K | +4.1% |
4 Bedrooms | $400K | $384.9K | -3.8% |
5+ Bedrooms | $1.6M | $457.9K | -71.4% |
Summary: Colonial Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 71.4%.
Median Sold Price Compared To Nearby Cities
Newburg | $390K | $422K | +8.2% |
Washington | $294K | $310K | +5.4% |
Colonial Beach | $299.9K | $310K | +3.4% |
Housing Supply in Colonial Beach, VA
How many homes are available in Colonial Beach, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
121 | 140 | +15.7% |
Summary: The Colonial Beach real estate market had 140 homes for sale in April 2024, a 15.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 19 | 23 | +21.1% |
3 Bedrooms | 75 | 91 | +21.3% |
4 Bedrooms | 23 | 21 | -8.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Colonial Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 21.3%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Colonial Beach in April 2024, up by 5.9% month-over-month. Of the 18 sold homes, 17% were sold under asking, 56% were sold at asking, and 28% were sold over asking.
Days on Market for Colonial Beach, VA
How long does it take to sell a home in Colonial Beach, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 50 Days | +23.7% |
Summary: Homes in Colonial Beach had an average of 50 days on market in Apr 2024, up by 23.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Colonial Beach; 61% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.