Is Goochland County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Goochland County has remained a Seller's Market.
Key Takeaway
Goochland County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Goochland County, VA
How much do homes in Goochland County, VA cost?
Median Sold Price
$548,321
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Goochland County have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Goochland County was $548,321 in May 2024, up 7.9% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.9K | - | N/A |
| 2 Bedrooms | $302.5K | $290K | -4.1% |
| 3 Bedrooms | $375K | $389K | +3.7% |
| 4 Bedrooms | $685K | $652.4K | -4.8% |
| 5+ Bedrooms | $785.8K | $946K | +20.4% |
Summary: Goochland County 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 4.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 20.4%.
Median Sold Price Compared To Nearby Counties
| Powhatan County | $399.9K | $442.2K | +10.6% |
| Henrico County | $379.7K | $415K | +9.3% |
| Cumberland County | $271K | $293.7K | +8.4% |
| Goochland County | $508K | $548.3K | +7.9% |
| Hanover County | $417.8K | $439.9K | +5.3% |
Housing Supply in Goochland County, VA
How many homes are available in Goochland County, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 130 | 150 | +15.4% |
Summary: The Goochland County real estate market had 150 homes for sale in May 2024, a 15.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 4 | +300.0% |
| 3 Bedrooms | 33 | 43 | +30.3% |
| 4 Bedrooms | 62 | 67 | +8.1% |
| 5+ Bedrooms | 33 | 35 | +6.1% |
Summary: The Goochland County 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 300%, 3 bedroom homes increased by 30.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 32 | +23.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Goochland County, expect to pay close to the asking price. 34.4% of homes here sold near the asking price last month.
Summary: A total of 32 homes were sold or pending in Goochland County in May 2024, up by 23.1% month-over-month. Of the 32 sold homes, 31% were sold under asking, 34% were sold at asking, and 34% were sold over asking.
Days on Market for Goochland County, VA
How long does it take to sell a home in Goochland County, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 29 Days | -6.4% |
Summary: Homes in Goochland County had an average of 29 days on market in May 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Goochland County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Goochland County; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
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