The Lake Ridge housing market is most competitive. The median sale price of a home in Lake Ridge was $523K last month, up 17.5% since last year. The median sale price per square foot in Lake Ridge is $254, up 7.2% since last year.
What is the housing market like in Lake Ridge today?
In April 2024, Lake Ridge home prices were up 17.5% compared to last year, selling for a median price of $523K. On average, homes in Lake Ridge sell after 5 days on the market compared to 12 days last year. There were 40 homes sold in April this year, up from 38 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$522,500
+17.5% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Lake Ridge, VA
$522,500
+17.5%
United States
To compare other locations to the Lake Ridge and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lake Ridge add value to a home.
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How hot is the Lake Ridge housing market?
Lake Ridge is most competitive. Homes sell in 8 days.
0
100
95
Most Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 8 days.
Hot homes
can sell for about 6% above list price and go pending in around 4 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Lake Ridge
Explore recent offers and recently sold homes in Lake Ridge
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Lake Ridge housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake Ridge.
Risk Factor
Flood Factor - Minor
6% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Ridge has a minor risk of flooding. 580 properties in Lake Ridge are likely to be
severely affected
by flooding over the next 30 years. This represents 6% of all properties in Lake Ridge. Flood risk is increasing slower than the national average.
72% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lake Ridge has a moderate risk of wildfire. There are 10,657 properties in Lake Ridge that have some risk of being affected by wildfire over the next 30 years. This represents 72% of all properties in Lake Ridge.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Lake Ridge has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lake Ridge is most at risk from hurricanes. 14,681 properties in Lake Ridge have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 64 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 77 mph.