Lake Ridge, VA
Housing market overview · Updated weekly
$466,000median sale price
Homes sold
28
Last 12 weeks
Days on market
33
Average pace
Active listings
48
1.7 months supply
Sale-to-list
99.9%
Below asking
The Lake Ridge housing market is currently classified as a seller's market with a median sale price of $466,000. Prices have fallen 3.2% compared to last year, with homes spending an average of 33 days on market, indicating 1.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Lake Ridge?
The median home sale price in Lake Ridge is $466,000, down 3.2% from last year.
How long do homes stay on market in Lake Ridge?
Homes typically spend 33 days on market before going under contract.
Is Lake Ridge a buyer's or seller's market?
With 1.7 months of supply, Lake Ridge is currently a seller's market.
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