Market Insights

Idylwood Virginia

How does the housing market look in Idylwood? Take a look at up-to-date home sale trends like the latest home sale prices, new listings, and more.

Real Estate Market Report Median Sale Price Illustration
Median Sale Price
$400,000

39.3%

Real Estate Market Report New Listings Illustration
New Listings
27

18.2%

Real Estate Market Report Number Of Homes Sold Illustration
Number of Homes Sold
27

15.6%

Real Estate Market Report Median Days On Market Illustration
Median Days on Market
9

57.4%

Market Overview

Based on home data between April 17, 2022 and May 17, 2022, homes for sale in Idylwood, VA sold for a median price of $400,000, down 39.3% compared to the same period last year. The median price per square foot was $355.07, up 9.1% year-over-year. There were 27 homes sold, down from 32 last year.

lightbulbWhat does this mean?

The median sale price helps you understand how much you should expect to spend on a home in a market. The higher the median price of the homes, the more expensive the market is overall. The rate at which home prices change is an indicator of whether homes are becoming more or less affordable in that market. Learn more about buying a home.

Real Estate Market Report Home Valuation Illustration

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Real Estate Market Report Home Valuation Illustration

Get your maximum home value with minimal effort

Use Orchard’s free tool to get your most accurate home valuation today.

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Housing Supply

On May 17, 2022, the total number of homes for sale in Idylwood, VA was 40, down 42% compared to last year. Based on home data between April 17, 2022 and May 17, 2022, 27 new homes were listed for sale, down 18.2% year-over-year. The median days on market was 8.5, up from 5.4 days last year. The months of supply was 0.59, down from 1.41 months last year.

lightbulbWhat does this mean?

The number of homes that are available for sale in a market tells you how much choice you have. The rate at which this number changes indicates whether the number of options are increasing or decreasing for buyers. Learn more about buying in a hot market.

Real Estate Market Report Home Valuation Illustration

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Real Estate Market Report Home Valuation Illustration

Your dream home is waiting for you.

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Housing Demand

Based on home data between April 17, 2022 and May 17, 2022, homes in Idylwood, VA had a median sale-to-list-price ratio of 100.03%, down 0.3 pt compared to the same period last year. 55.56% of homes sold above list price, down 0.7 pt year-over-year. 7.41% of homes listed dropped in price, up 4.3 pt from last year.

lightbulbWhat does this mean?

Sale-to-list price tells you how much you may have to pay over the asking price to buy the home you want. When this number is above 100%, you may need to pay more than the asking price for the home you want.

Real Estate Market Report Median Sale Price Illustration

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Real Estate Market Report Median Sale Price Illustration

Cash offers are 4x more likely to be accepted.

Orchard helps you make a stronger, cash-backed offer.

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Homes For Sale In Idylwood

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