Valley Realty Associates Localized Market Report
Broadway, VA 22815
Single-Family Homes
"Impossible Becomes Possible With The Right People On Your Side"
Broadway, VA 22815
Wed Jul 02 2025
This week the median list price for Broadway, VA 22815 is $369,900 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has held steady at or around 23.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Real-Time Market Profile
| Median List Price | $369,900 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $201 | |
| Average Days on Market | 67 | |
| Median Days on Market | 35 | |
| Price Decreased | 35% | |
| Price Increased | 4% | |
| Relisted | 13% | |
| Inventory | 23 | |
| Median Rent | ||
| Market Action | 40 | |
| Slight Seller's Advantage | ||
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,173,850 | 3,739 | 10 - 20 acres | 4 | 2.8 | 99 | 0 | 0 | 94 |
| $389,900 | 1,865 | 0.25 - 0.5 acre | 3 | 2.5 | 24 | 0 | 1 | 28 |
| $333,450 | 1,642 | 0.5 - 1 acre | 3 | 2 | 37 | 0 | 0 | 10 |
| $249,900 | 1,409 | 1 - 2.5 acres | 3 | 1.5 | 93 | 0 | 1 | 28 |