Is Altavista, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Altavista has remained a Seller's Market.
Key Takeaway
Altavista is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Altavista, VA
How much do homes in Altavista, VA cost?
Median Sold Price
$215,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Altavista have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Altavista was $215,000 in April 2024, up 13.2% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $121.7K | $172.2K | +41.4% |
| 3 Bedrooms | $182.4K | $210.4K | +15.3% |
| 4 Bedrooms | $226.5K | $235K | +3.8% |
| 5+ Bedrooms | $275K | $264.9K | -3.7% |
Summary: Altavista 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 increased by 41.4%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Hurt | $160K | $194.9K | +21.8% |
| Staunton River | $172K | $199.9K | +16.2% |
| Altavista | $190K | $215K | +13.2% |
| Seneca | $269.9K | $281K | +4.1% |
Housing Supply in Altavista, VA
How many homes are available in Altavista, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Summary: The Altavista real estate market had 16 homes for sale in April 2024, a 77.8% 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 | 0 | 4 | +100.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 0 | 3 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Altavista 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Altavista, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Altavista in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Altavista, VA
How long does it take to sell a home in Altavista, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 49 Days | +611.9% |
Summary: Homes in Altavista had an average of 49 days on market in Apr 2024, up by 611.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Altavista are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Altavista; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
