Is Manakin Sabot, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Manakin Sabot has remained a Seller's Market.
Housing Prices in Manakin Sabot, VA
How much do homes in Manakin Sabot, VA cost?
Median Sold Price
$785,514
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Manakin Sabot was $785,514 in April 2024, up 10.7% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $526.6K | $450K | -14.6% |
3 Bedrooms | $565K | $649.9K | +15.0% |
4 Bedrooms | $839.4K | $812.4K | -3.2% |
5+ Bedrooms | $868K | $1.2M | +48.5% |
Summary: Manakin Sabot housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.6%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 48.5%.
Median Sold Price Compared To Nearby Cities
Rockville | $512.5K | $638.2K | +24.5% |
South Anna | $440K | $503.8K | +14.5% |
Manakin Sabot | $709.7K | $785.5K | +10.7% |
Housing Supply in Manakin Sabot, VA
How many homes are available in Manakin Sabot, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 31 | 0.0% |
Summary: The Manakin Sabot real estate market had 31 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 11 | 10 | -9.1% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Manakin Sabot housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Manakin Sabot in April 2024, the same as the previous month. Of the 9 sold homes, 11% were sold under asking, 22% were sold at asking, and 67% were sold over asking.
Days on Market for Manakin Sabot, VA
How long does it take to sell a home in Manakin Sabot, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 34 Days | -34.9% |
Summary: Homes in Manakin Sabot had an average of 34 days on market in Apr 2024, down by 34.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Manakin Sabot; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.