Coming soon
$9,024 Closing Credit¹
#VAPW2089180, Jonathan Granlund, Listing Office: Real Broker, LLC
Lake Ridge Housing Market Report February 2025•Prince William County, Virginia
Housing Prices in Lake Ridge, VA
How much do homes in Lake Ridge, VA cost?
Housing Market Conditions
Is Lake Ridge, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lake Ridge is a Seller's Market
Difference Since February 2024
Since last year, Lake Ridge has remained a Seller's Market.
Insight
Lake Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$500,500$251/SqFt
+$25,500
+5.4%
Based on all homes sold in the last 12 months
Insight
Homes in Lake Ridge have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Lake Ridge was $500,500 in February 2025, up 5.4% from last year, and the median price per square foot was $251.
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $203K | $240K | +18.2% |
| 22 Bedrooms | $292.6K | $320K | +9.3% |
| 33 Bedrooms | $443.7K | $475K | +7.0% |
| 44 Bedrooms | $578.5K | $600K | +3.7% |
| 55+ Bedrooms | $690K | $729K | +5.7% |
Summary: Lake Ridge housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +18.2%. The home price for 2 bedroom homes increased by +9.3%. The home price for 3 bedroom homes increased by +7.0%. The home price for 4 bedroom homes increased by +3.7%. The home price for 5 bedroom homes increased by +5.7%.
Housing supply in Lake Ridge, VA
How many homes are available in Lake Ridge, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 92Last MonthFeb 2025 | ||
| 542 months agoJan 2025 | +70.4 % Change MoMJan – Feb |
Summary: The Lake Ridge real estate market had 92 homes for sale in Feb 2025, a 70.4 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 25Last MonthFeb 2025 | ||
| 202 months agoJan 2025 | +25.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 0 | -100.0% |
| 22 Bedrooms | 11 | 18 | +63.6% |
| 33 Bedrooms | 24 | 39 | +62.5% |
| 44 Bedrooms | 12 | 26 | +116.7% |
| 55+ Bedrooms | 6 | 9 | +50.0% |
Summary: Lake Ridge housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes increased by +63.6%. The inventory for 3 bedroom homes increased by +62.5%. The inventory for 4 bedroom homes increased by +116.7%. The inventory for 5 bedroom homes increased by +50.0%.
Asking Price vs. Sold Price
How much do homes in Lake Ridge, VA cost?
Over Asking Price18 Homes
At Asking Price2 Homes
Under Asking Price5 Homes
Insight
If you're buying a home in Lake Ridge, you could pay more than the asking price. 72% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Lake Ridge in February 2025, up by 25.0% month-over-month. Of the 25 sold homes, 20% were sold under asking, 8% were sold at asking, and and 72% were sold over asking.
Days on Market for Lake Ridge, VA
How long does it take to sell a home in Lake Ridge, VA?
Breakdown of Home Sale Times
Under 30 Days19 Homes
30 – 90 Days6 Homes
Over 90 Days0 Home
Insight
Many homes in Lake Ridge are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 25 homes were sold in Lake Ridge; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 20 DaysThis YearFeb 2025 | ||
| 13 Days1 year agoFeb 2024 | +54.4 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Lake Ridge had an average listing age of 20 days in Feb 2025, up by 54.4% compared to the previous year.
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Newest Listings in Lake Ridge, VA
What homes are available in Lake Ridge, VA?
Coming soon
$5,641 Closing Credit¹
#VAPW2089296, Frank J Schofield, Listing Office: Summit Realtors
Coming soon
$4,572 Closing Credit¹
#VAPW2089024, Shannon Lamb, Listing Office: Pearson Smith Realty, LLC
New - 3 days on Rocket3D tour
$6,116 Closing Credit¹
#VAPW2089244, Julia Hufford, Listing Office: Long & Foster Real Estate, Inc.
New - 4 days on Rocket
$3,028 Closing Credit¹
#VAPW2088240, Francella Pham, Listing Office: Kylin Realty Inc.
New - 4 days on Rocket
$3,800 Closing Credit¹
#VAPW2088810, Timothy F Belanger, Listing Office: Long & Foster Real Estate, Inc.
Coming soon
$4,857 Closing Credit¹
#VAPW2089126, Bryan D Felder, Listing Office: Keller Williams Capital Properties
New - 4 days on Rocket3D tour
$7,719 Closing Credit¹
#VAPW2089038, Bonnie L DaSilva, Listing Office: River Fox Realty, LLC
New - 4 days on Rocket
$8,016 Closing Credit¹
#VAPW2089164, Peter Huynh, Listing Office: Westgate Realty Group, Inc.
Coming soon
$8,016 Closing Credit¹
#VAPW2088916, Wes W. Stearns, Listing Office: M.O. Wilson Properties
Coming soon
$5,807 Closing Credit¹
#VAPW2088856, Jorge A Alas, Listing Office: Coldwell Banker Realty
Coming soon
$6,519 Closing Credit¹
#VAPW2088758, Melody Rae Witsman, Listing Office: CENTURY 21 New Millennium
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MLS Disclaimers and Copyright
Based on information from BrightMLS, for the period 03/01/2023 - 03/01/2025
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 10:21:02 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.