The Monument Avenue housing market is very competitive. The median sale price of a home in Monument Avenue was $875K last month, down 23.9% since last year.
What is the housing market like in Monument Avenue today?
In April 2024, Monument Avenue home prices were down 23.9% compared to last year, selling for a median price of $875K.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$875,000
-23.9% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Monument Avenue, VA
$875,000
-23.9%
United States
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How hot is the Monument Avenue housing market?
Monument Avenue is very competitive. Homes sell in 12 days.
0
100
82
Very 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 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 12 days.
Hot homes
can sell for around list price and go pending in around 5 days.
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 Monument Avenue housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Monument Avenue.
Risk Factor
Flood Factor - Minor
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Monument Avenue has a minor risk of flooding. 17 properties in Monument Avenue are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Monument Avenue. Flood risk is increasing slower than the national average.
17% of properties are at risk of wildfire over the next 30 years
Fire Factor
Monument Avenue has a minor risk of wildfire. There are 59 properties in Monument Avenue that have some risk of being affected by wildfire over the next 30 years. This represents 17% of all properties in Monument Avenue.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Monument Avenue has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Monument Avenue is most at risk from hurricanes. 340 properties in Monument Avenue 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 72 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 88 mph.
100% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Monument Avenue has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Monument Avenue have a Severe Heat Factor®.
Monument Avenue is expected to see a 142% increase in the number of days over 105ºF over the next 30 years. Monument Avenue is expected to experience 7