Is Virginia, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Virginia has remained a Seller's Market.
Key Takeaway
Virginia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Virginia, MN
How much do homes in Virginia, MN cost?
Median Sold Price
$183,659
$106/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Virginia have sold for 149.9% more than they did a month ago.
Summary: The median home sold price in Virginia was $183,659 in April 2024, up 149.9% from last month, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $69K | $195K | +182.6% |
| 3 Bedrooms | $78K | $158.5K | +103.2% |
| 4 Bedrooms | - | $172.3K | N/A |
| 5+ Bedrooms | $220K | - | N/A |
Summary: Virginia housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 182.6%, 3 bedroom homes increased by 103.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mountain Iron | $122.5K | $400K | +226.5% |
| Virginia | $73.5K | $183.6K | +149.9% |
| Gilbert | $226K | $189.9K | -16.0% |
Housing Supply in Virginia, MN
How many homes are available in Virginia, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The Virginia real estate market had 19 homes for sale in April 2024, a 17.4% decrease 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 | 13 | 8 | -38.5% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Virginia 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 decreased by 38.5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Virginia, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Virginia in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Virginia, MN
How long does it take to sell a home in Virginia, MN?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 95 Days | 46 Days | -52.0% |
Summary: Homes in Virginia had an average of 46 days on market in Apr 2024, down by 52% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Virginia are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Virginia; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
