Is South Anna, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, South Anna was a Buyer's Market.
Housing Prices in South Anna, VA
How much do homes in South Anna, VA cost?
Median Sold Price
$503,828
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Anna was $503,828 in April 2024, up 14.5% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $247.4K | $253.2K | +2.3% |
2 Bedrooms | $300.9K | $346.4K | +15.1% |
3 Bedrooms | $361.1K | $425K | +17.7% |
4 Bedrooms | $582.4K | $610K | +4.7% |
5+ Bedrooms | $907.7K | $837.5K | -7.7% |
Summary: South Anna housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Cities
South Anna | $440K | $503.8K | +14.5% |
Brookland | $337.1K | $372.9K | +10.6% |
Three Chopt | $469.2K | $506.2K | +7.9% |
Beaverdam | $530K | $556K | +4.9% |
Glen Allen | $460K | $479.4K | +4.2% |
Housing Supply in South Anna, VA
How many homes are available in South Anna, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 78 | +21.9% |
Summary: The South Anna real estate market had 78 homes for sale in April 2024, a 21.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 20 | 32 | +60.0% |
4 Bedrooms | 20 | 20 | 0.0% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The South Anna 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 increased by 10%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in South Anna in April 2024, up by 62.5% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for South Anna, VA
How long does it take to sell a home in South Anna, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 49 Days | -0.9% |
Summary: Homes in South Anna had an average of 49 days on market in Apr 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in South Anna; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.