Is Piankatank, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Piankatank was a Seller's Market.
Housing Prices in Piankatank, VA
How much do homes in Piankatank, VA cost?
Median Sold Price
$281,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Piankatank was $281,000 in May 2024, down 26.1% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $596.5K | - | N/A |
2 Bedrooms | $325.4K | $301.9K | -7.2% |
3 Bedrooms | $377.5K | $271K | -28.2% |
4 Bedrooms | $847K | $495K | -41.6% |
5+ Bedrooms | - | - | N/A |
Summary: Piankatank 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 7.2%, 3 bedroom homes decreased by 28.2%, 4 bedroom homes decreased by 41.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Westville | $428K | $497.5K | +16.2% |
Piankatank | $380K | $281K | -26.1% |
Housing Supply in Piankatank, VA
How many homes are available in Piankatank, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 34 | +17.2% |
Summary: The Piankatank real estate market had 34 homes for sale in May 2024, a 17.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 15 | 20 | +33.3% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Piankatank 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 20%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were 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 Piankatank in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Piankatank, VA
How long does it take to sell a home in Piankatank, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 128 Days | +211.5% |
Summary: Homes in Piankatank had an average of 128 days on market in May 2024, up by 211.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Piankatank; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.