Is Griffis-Widewater, 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, Griffis-Widewater was a Seller's Market.
Key Takeaway
Griffis-Widewater is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Griffis-Widewater, VA
How much do homes in Griffis-Widewater, VA cost?
Median Sold Price
$487,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Griffis-Widewater have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Griffis-Widewater was $487,500 in May 2024, up 7.1% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $302.5K | +37.5% |
| 3 Bedrooms | $397.5K | $397.5K | 0.0% |
| 4 Bedrooms | $475K | $515K | +8.4% |
| 5+ Bedrooms | $560K | $552.3K | -1.4% |
Summary: Griffis-Widewater 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 37.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Griffis-Widewater | $455K | $487.5K | +7.1% |
| Rock Hill | $525K | $560K | +6.7% |
| Aquia | $465K | $486.2K | +4.6% |
| Stafford | $503.1K | $524.9K | +4.3% |
| Garrisonville | $503.7K | $500K | -0.7% |
Housing Supply in Griffis-Widewater, VA
How many homes are available in Griffis-Widewater, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 60 | -3.2% |
Summary: The Griffis-Widewater real estate market had 60 homes for sale in May 2024, a 3.2% decrease 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 30 | 27 | -10.0% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Griffis-Widewater 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 20%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 10 | -64.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Griffis-Widewater, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Griffis-Widewater in May 2024, down by 64.3% month-over-month. Of the 10 sold homes, 10% were sold under asking, 30% were sold at asking, and 60% were sold over asking.
Days on Market for Griffis-Widewater, VA
How long does it take to sell a home in Griffis-Widewater, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 28 Days | +112.9% |
Summary: Homes in Griffis-Widewater had an average of 28 days on market in May 2024, up by 112.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Griffis-Widewater are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Griffis-Widewater; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
