Sales On the Rise in Cherrydale Real Estate Market

The Cherrydale market closed in on its 12-month sales average this week as sales climbed 25.0% to reach five homes sold over the last 30 days. In comparison, the Ballston-Virginia Square neighborhood had 21 sales in the same time frame, the most of all neighborhoods in the area. Potential buyers should note that prices are coming down in Cherrydale, and for this period the median sales price slid from $797,500 to $745,000. The rising sales and a low three months of inventory point to Cherrydale being a seller's market.

Trying to find a home in Cherrydale that offers sufficient space for your needs? Then check out these listings that have the largest living areas in the market:

$1.4M   $1.6M   $1.4M  

Get started right now by checking out Cherrydale homes for sale or reviewing Cherrydale real estate trends.

Demographic facts for Cherrydale:

  • The average elevation is 376 feet.
  • The median income is $114,621 per household.
  • The student-to-counselor ratio is 256:1. (513:1 = national average)

Data reported through 10/12/2016

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