Virginia Park Market Health Report – February 2025

If you’re a homeowner in Virginia Park considering selling, the current real estate trends provide valuable insight into what to expect regarding pricing and market movement.

Current Market Overview

• Active Listings: 21 homes
• Pending Sales: 9 homes
• Homes Sold in the Last 6 Months: 31 homes

Home Prices & Value Trends

• Active Listings: Prices range from $550,000 to $2,799,000, with an average list price of $1,455,614 and a median list price of $1,485,000.
• Pending Sales: Prices range from $475,000 to $2,065,000, with an average list price of $1,151,311.
• Recently Sold Homes: Sale prices ranged from $380,000 to $2,543,698, with a median sales price of $1,030,000.

Market Time & Speed

• Active Listings: Homes currently on the market have been listed for an average of 85 days.
• Pending Sales: The average time to go under contract is 63 days, with a median of 53 days.
• Sold Homes: The average time to contract was 64 days, and homes closed within an average of 125 days from listing to final sale.

What This Means for You

• If You’re Thinking of Selling: Homes in Virginia Park are still selling steadily, with a sales-to-list price ratio of 97%, meaning sellers are getting close to their asking price. However, market time varies, with some properties selling in as little as 4 days, while others take several months. Pricing your home competitively will be crucial for a faster sale.
• If You’re Buying: There’s a variety of inventory available, but well-priced homes are moving within 40-60 days. The average price per square foot is $449.54 for sold homes, so knowing your budget and preferred home size will help you navigate your options.

Final Takeaway

Virginia Park remains a desirable area with strong home values. While the market is not as fast-paced as previous years, homes are still selling at competitive prices. If you’re considering selling, working with an experienced real estate professional will help ensure the right pricing strategy and marketing approach for your home.