Is Penhook, 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, Penhook was a Seller's Market.
Housing Prices in Penhook, VA
How much do homes in Penhook, VA cost?
Median Sold Price
$955,000
$367/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Penhook was $955,000 in April 2024, up 55.9% from last year, and the median price per square foot was $367.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $435K | $411K | -5.5% |
3 Bedrooms | $355K | $465K | +31.0% |
4 Bedrooms | $1.1M | $1.2M | +17.7% |
5+ Bedrooms | $1.1M | $2.9M | +147.3% |
Summary: Penhook 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 5.5%, 3 bedroom homes increased by 31%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 147.3%.
Median Sold Price Compared To Nearby Cities
Penhook | $612.5K | $955K | +55.9% |
Union Hall | $651.2K | $540K | -17.1% |
Housing Supply in Penhook, VA
How many homes are available in Penhook, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Summary: The Penhook real estate market had 17 homes for sale in April 2024, a 41.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 1 | 3 | +200.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Penhook 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 increased by 200%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Penhook in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Penhook, VA
We’re sorry, we don't have information for this market at the moment