Is Dale, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Dale has remained a Seller's Market.
Key Takeaway
Dale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dale, VA
How much do homes in Dale, VA cost?
Median Sold Price
$340,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dale have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Dale was $340,000 in May 2024, up 4.6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $53.2K | $95K | +78.6% |
| 2 Bedrooms | $205.2K | $210K | +2.3% |
| 3 Bedrooms | $279.9K | $310K | +10.7% |
| 4 Bedrooms | $375K | $390K | +4.0% |
| 5+ Bedrooms | $454.9K | $500.8K | +10.1% |
Summary: Dale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.6%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Clover Hill | $335K | $365K | +8.9% |
| Dale | $325K | $340K | +4.6% |
| Chester | $350K | $362.5K | +3.6% |
| Matoaca | $441.2K | $451.3K | +2.3% |
| Chesterfield | $432.3K | $442K | +2.2% |
Housing Supply in Dale, VA
How many homes are available in Dale, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 238 | 234 | -1.7% |
Summary: The Dale real estate market had 234 homes for sale in May 2024, a 1.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 119 | 120 | +0.8% |
| 4 Bedrooms | 96 | 87 | -9.4% |
| 5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The Dale 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 increased by 16.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 73 | 72 | -1.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dale, you could pay more than the asking price. 54.2% of homes here sold above asking price last month.
Summary: A total of 72 homes were sold or pending in Dale in May 2024, down by 1.4% month-over-month. Of the 72 sold homes, 21% were sold under asking, 25% were sold at asking, and 54% were sold over asking.
Days on Market for Dale, VA
How long does it take to sell a home in Dale, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 18 Days | +59.2% |
Summary: Homes in Dale had an average of 18 days on market in May 2024, up by 59.2% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dale are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 72 homes were sold in Dale; 82% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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