Is Roberts, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Roberts is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Roberts was a Buyer's Market.

Key Takeaway

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

Housing Prices in Roberts, VA

How much do homes in Roberts, VA cost?

Median Sold Price

$485,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$25,260(-5.0%)

Key Takeaway

Homes in Roberts have sold for 5% less than they did a year ago.

Summary: The median home sold price in Roberts was $485,000 in May 2024, down 5% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $199K-
N/A
2 $360K$290K
-19.4%
3 $430K$452.5K
+5.2%
4 $627.5K$908.5K
+44.8%
5+ $879.9K$810K
-7.9%

Summary: Roberts 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 decreased by 19.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 44.8%, and 5+ bedroom homes decreased by 7.9%.

Median Sold Price Compared To Nearby Cities

Jamestown
+26.2%
Williamsburg
+3.9%
Williamsburg
+3.7%
Roberts
-5.0%

Housing Supply in Roberts, VA

How many homes are available in Roberts, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8189+9.9%

Summary: The Roberts real estate market had 89 homes for sale in May 2024, a 9.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1312
-7.7%
3 2825
-10.7%
4 2633
+26.9%
5+ 1419
+35.7%

Summary: The Roberts 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 decreased by 7.7%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 35.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1426+85.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Roberts, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Roberts in May 2024, up by 85.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for Roberts, VA

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

Average Sale Time

May 2023May 2024CHANGE
7 Days34 Days+354.9%

Summary: Homes in Roberts had an average of 34 days on market in May 2024, up by 354.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 26 homes were sold in Roberts; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% 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 Roberts, VA

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