Is Hollins, 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, Hollins was a Seller's Market.
Key Takeaway
Hollins is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hollins, VA
How much do homes in Hollins, VA cost?
Median Sold Price
$309,950
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hollins have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Hollins was $309,950 in May 2024, up 5.8% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $242.5K | +10.2% |
| 3 Bedrooms | $259.9K | $294.5K | +13.3% |
| 4 Bedrooms | $343K | $336.5K | -1.9% |
| 5+ Bedrooms | $388.5K | $430K | +10.7% |
Summary: Hollins 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 10.2%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 10.7%.
Housing Supply in Hollins, VA
How many homes are available in Hollins, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 75 | 120 | +60.0% |
Summary: The Hollins real estate market had 120 homes for sale in May 2024, a 60.0% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 34 | 69 | +102.9% |
| 4 Bedrooms | 28 | 35 | +25.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Hollins 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 remained the same, 3 bedroom homes increased by 102.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 15 | -31.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hollins, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Hollins in May 2024, down by 31.8% month-over-month. Of the 15 sold homes, 27% were sold under asking, 47% were sold at asking, and 27% were sold over asking.
Days on Market for Hollins, 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.