Is Bristol, 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, Bristol has remained a Seller's Market.
Housing Prices in Bristol, VA
How much do homes in Bristol, VA cost?
Median Sold Price
$211,900
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bristol was $211,900 in May 2024, up 11.6% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $84.5K | N/A |
2 Bedrooms | $124.9K | $150.5K | +20.4% |
3 Bedrooms | $200K | $215K | +7.5% |
4 Bedrooms | $297.5K | $315K | +5.9% |
5+ Bedrooms | $363.5K | $537.5K | +47.9% |
Summary: Bristol 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 increased by 20.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 47.9%.
Housing Supply in Bristol, VA
How many homes are available in Bristol, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
117 | 126 | +7.7% |
Summary: The Bristol real estate market had 126 homes for sale in May 2024, a 7.7% 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 | 25 | 26 | +4.0% |
3 Bedrooms | 63 | 64 | +1.6% |
4 Bedrooms | 19 | 24 | +26.3% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Bristol 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 4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 33 | +26.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Bristol in May 2024, up by 26.9% month-over-month. Of the 33 sold homes, 48% were sold under asking, 24% were sold at asking, and 27% were sold over asking.
Days on Market for Bristol, VA
How long does it take to sell a home in Bristol, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
65 Days | 67 Days | +2.9% |
Summary: Homes in Bristol had an average of 67 days on market in May 2024, up by 2.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in Bristol; 18% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.