Is Amherst County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Amherst County has remained a Seller's Market.
Key Takeaway
Amherst County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Amherst County, VA
How much do homes in Amherst County, VA cost?
Median Sold Price
$243,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Amherst County have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Amherst County was $243,000 in March 2024, up 7.8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $199.9K | +99.9% |
| 2 Bedrooms | $155K | $164.2K | +6.0% |
| 3 Bedrooms | $229.9K | $245K | +6.5% |
| 4 Bedrooms | $285K | $297.5K | +4.4% |
| 5+ Bedrooms | $537.9K | $287.5K | -46.6% |
Summary: Amherst County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 99.9%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 46.6%.
Median Sold Price Compared To Nearby Counties
| Nelson County | $395K | $490.5K | +24.2% |
| Amherst County | $225.5K | $243K | +7.8% |
| Campbell County | $256.4K | $267.4K | +4.3% |
| Appomattox County | $265K | $275K | +3.8% |
Housing Supply in Amherst County, VA
How many homes are available in Amherst County, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 90 | +38.5% |
Summary: The Amherst County real estate market had 90 homes for sale in March 2024, a 38.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 37 | 54 | +45.9% |
| 4 Bedrooms | 15 | 22 | +46.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Amherst County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 45.9%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Amherst County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Amherst County in March 2024, up by 5.0% month-over-month. Of the 21 sold homes, 67% were sold under asking, 14% were sold at asking, and 19% were sold over asking.
Days on Market for Amherst County, VA
How long does it take to sell a home in Amherst County, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 69 Days | +170.5% |
Summary: Homes in Amherst County had an average of 69 days on market in Mar 2024, up by 170.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Amherst County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in Amherst County; 62% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.