Is Saluda, 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, Saluda has remained a Buyer's Market.
Housing Prices in Saluda, VA
How much do homes in Saluda, VA cost?
Median Sold Price
$354,950
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Saluda was $354,950 in May 2024, up 1.7% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $477.5K | N/A |
2 Bedrooms | $345K | $250K | -27.5% |
3 Bedrooms | $297.4K | $354.9K | +19.3% |
4 Bedrooms | $545K | $425K | -22.0% |
5+ Bedrooms | $1.1M | $600K | -48.4% |
Summary: Saluda 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 27.5%, 3 bedroom homes increased by 19.3%, 4 bedroom homes decreased by 22%, and 5+ bedroom homes decreased by 48.4%.
Median Sold Price Compared To Nearby Cities
Urbanna | $275K | $325K | +18.2% |
Saluda | $349K | $354.9K | +1.7% |
Pine Top | $391.5K | $383.7K | -2.0% |
Housing Supply in Saluda, VA
How many homes are available in Saluda, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 55 | +31.0% |
Summary: The Saluda real estate market had 55 homes for sale in May 2024, a 31.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 24 | 36 | +50.0% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Saluda housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Saluda in May 2024, up by 200.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Saluda, VA
How long does it take to sell a home in Saluda, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 73 Days | +147.8% |
Summary: Homes in Saluda had an average of 73 days on market in May 2024, up by 147.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Saluda; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.