Is Buckingham County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buckingham County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Buckingham County has remained a Seller's Market.

Key Takeaway

Buckingham County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Buckingham County, VA

How much do homes in Buckingham County, VA cost?

Median Sold Price

$313,750

$163/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$1,250(-0.4%)

Key Takeaway

The sold price of homes in Buckingham County has remained the same since last month.

Summary: The median home sold price in Buckingham County was $313,750 in May 2024, down 0.4% from last month, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 $92K-
N/A
2 -$72.5K
N/A
3 $315K$307.5K
-2.4%
4 $3.7M$439K
-88.1%
5+ --
N/A

Summary: Buckingham County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 88.1%, and 5+ bedroom homes did not change.

Housing Supply in Buckingham County, VA

How many homes are available in Buckingham County, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5046-8.0%

Summary: The Buckingham County real estate market had 46 homes for sale in May 2024, a 8.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 22
0.0%
3 3627
-25.0%
4 510
+100.0%
5+ 67
+16.7%

Summary: The Buckingham County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
12120.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buckingham County, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Buckingham County in May 2024, the same as the previous month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.

Days on Market for Buckingham County, VA

How long does it take to sell a home in Buckingham County, VA?

Average Sale Time

Apr 2024May 2024CHANGE
122 Days52 Days-57.1%

Summary: Homes in Buckingham County had an average of 52 days on market in May 2024, down by 57.1% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Buckingham County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 12 homes were sold in Buckingham County; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Buckingham County, VA

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