Is Amsterdam, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Amsterdam was a Seller's Market.
Key Takeaway
Amsterdam is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Amsterdam, VA
How much do homes in Amsterdam, VA cost?
Median Sold Price
$523,500
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Amsterdam have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in Amsterdam was $523,500 in May 2024, up 17.9% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $282.4K | $327.5K | +15.9% |
| 3 Bedrooms | $329K | $327.5K | -0.5% |
| 4 Bedrooms | $515K | $599.9K | +16.5% |
| 5+ Bedrooms | $600K | $596K | -0.7% |
Summary: Amsterdam housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Daleville | $395K | $500K | +26.6% |
| Amsterdam | $444K | $523.5K | +17.9% |
| Valley | $338.7K | $351.2K | +3.7% |
| Troutville | $335K | $319.9K | -4.5% |
| Cloverdale | $311.9K | $194K | -37.8% |
Housing Supply in Amsterdam, VA
How many homes are available in Amsterdam, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 28 | +40.0% |
Summary: The Amsterdam real estate market had 28 homes for sale in May 2024, a 40.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Amsterdam housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Amsterdam, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Amsterdam in May 2024, down by 85.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Amsterdam, VA
We’re sorry, we don't have information for this market at the moment
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.