Is Ashland, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ashland is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Ashland was a Neutral Market.

Key Takeaway

Ashland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ashland, VA

How much do homes in Ashland, VA cost?

Median Sold Price

$529,375

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$82,875(+18.6%)

Key Takeaway

Homes in Ashland have sold for 18.6% more than they did a year ago.

Summary: The median home sold price in Ashland was $529,375 in September 2024, up 18.6% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $239.9K$255K
+6.3%
2 $220K$279.5K
+27.0%
3 $347.5K$381K
+9.6%
4 $713.6K$660K
-7.5%
5+ $780K$724.7K
-7.1%

Summary: Ashland housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 27%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 7.1%.

Median Sold Price Compared To Nearby Cities

Ashland
+18.6%
Beaverdam
+3.6%

Housing Supply in Ashland, VA

How many homes are available in Ashland, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1561560.0%

Summary: The Ashland real estate market had 156 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 23
+50.0%
2 2729
+7.4%
3 5960
+1.7%
4 4844
-8.3%
5+ 2020
0.0%

Summary: The Ashland housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2918-37.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ashland, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Ashland in September 2024, down by 37.9% month-over-month. Of the 18 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.

Days on Market for Ashland, VA

How long does it take to sell a home in Ashland, VA?

Average Sale Time

Sep 2023Sep 2024CHANGE
18 Days15 Days-15.4%

Summary: Homes in Ashland had an average of 15 days on market in Sep 2024, down by 15.4% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ashland are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 18 homes were sold in Ashland; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in Ashland, VA

Nearby Markets to Ashland, VA

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