Yorktown, VA Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

Is it a good time to sell a house in VA? ›

1. Best Time to Sell Your House for a Higher Price. May, June, and July are the best months to sell your house in Virginia. The median sale price of houses in June 2023 was $443,900, which is expected to rise in 2024.

Average Home Prices: The average median home price in Virginia is $397,000, up by 8.3% YoY. In 2024, the median sale price will keep increasing marginally due to Virginia's tight inventory. The sale-to-list price ratio is at 98.9%. Home Sales: As per January 2024 data, home sales decreased by 2.7% YoY!

The average Virginia home value is $396,331, up 5.6% over the past year and goes to pending in around 9 days.

Grantor tax: The buyer covers most transfer taxes in Virginia, but the seller does have to pay a grantor tax, which in most of the state comes out to about $1 per $1,000 in home price. Northern Virginia sellers can expect to pay more.

Generally in Virginia the seller pays. When the real estate agent and the seller sit down at the table and they discuss a listing agreement, they will also discuss the real estate fees that will be paid both to the buyer brokerage as well as to the listing brokerage.

The limited availability of homes in the state. Roughly 65% of Virginia's counties and cities saw a rise in median sales prices compared to March 2023, indicating a seller's market that's still very much in play.

In a recent note, Chief US Economist Michael Gapen and his team revealed that they expect home prices to rise by 4.5% this year and 5% in 2025. Gapen doesn't foresee the market cooling down until 2026 at the earliest. With this in mind, current homeowners can sell for even higher prices down the road.

What months do houses sell best? ›

The best time of year to sell a house in the United States is the spring. Homes that are listed at the end of spring and the beginning of summer typically sell faster at a higher sales price.

On the flipside, if you want more homes to choose from and don't mind paying a premium, spring and early summer are good times to buy a house, as April has the most new listings. Most listings hit the market in a short window between the months of April and June.