Is Bedford County, 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, Bedford County has remained a Seller's Market.
Housing Prices in Bedford County, VA
How much do homes in Bedford County, VA cost?
Median Sold Price
$374,479
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bedford County was $374,479 in April 2024, up 4.9% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.5K | $227.5K | +40.0% |
2 Bedrooms | $253.5K | $300K | +18.3% |
3 Bedrooms | $309.3K | $330.1K | +6.7% |
4 Bedrooms | $497.6K | $509.9K | +2.5% |
5+ Bedrooms | $650K | $649K | -0.2% |
Summary: Bedford County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Counties
Roanoke County | $287.5K | $309.7K | +7.7% |
Amherst County | $229.9K | $247.2K | +7.5% |
Bedford County | $357K | $374.4K | +4.9% |
Botetourt County | $326.6K | $335K | +2.6% |
Campbell County | $263.8K | $270K | +2.3% |
Housing Supply in Bedford County, VA
How many homes are available in Bedford County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
389 | 509 | +30.8% |
Summary: The Bedford County real estate market had 509 homes for sale in April 2024, a 30.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 20 | +53.8% |
2 Bedrooms | 54 | 76 | +40.7% |
3 Bedrooms | 184 | 216 | +17.4% |
4 Bedrooms | 98 | 137 | +39.8% |
5+ Bedrooms | 40 | 60 | +50.0% |
Summary: The Bedford County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 53.8%, 2 bedroom homes increased by 40.7%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 39.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
111 | 110 | -0.9% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 110 homes were sold or pending in Bedford County in April 2024, down by 0.9% month-over-month. Of the 110 sold homes, 42% were sold under asking, 35% were sold at asking, and 24% were sold over asking.
Days on Market for Bedford County, VA
How long does it take to sell a home in Bedford County, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 31 Days | -21.3% |
Summary: Homes in Bedford County had an average of 31 days on market in Apr 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 110 homes were sold in Bedford County; 41% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.