Is Beaverdam, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Beaverdam was a Seller's Market.
Housing Prices in Beaverdam, VA
How much do homes in Beaverdam, VA cost?
Median Sold Price
$570,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Beaverdam was $570,000 in March 2024, up 7.5% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $105.5K | N/A |
2 Bedrooms | $228K | $288.8K | +26.7% |
3 Bedrooms | $392.5K | $388K | -1.1% |
4 Bedrooms | $646K | $649.9K | +0.6% |
5+ Bedrooms | $740K | $788.2K | +6.5% |
Summary: Beaverdam housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
South Anna | $438.8K | $502K | +14.4% |
Ashland | $444.3K | $499.6K | +12.5% |
Beaverdam | $530K | $570K | +7.5% |
Reedy Church | $270K | $287.5K | +6.5% |
Doswell | $385K | $370K | -3.9% |
Housing Supply in Beaverdam, VA
How many homes are available in Beaverdam, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
111 | 118 | +6.3% |
Summary: The Beaverdam real estate market had 118 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 32 | 34 | +6.3% |
4 Bedrooms | 52 | 54 | +3.8% |
5+ Bedrooms | 24 | 28 | +16.7% |
Summary: The Beaverdam housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 11 | -31.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Beaverdam in March 2024, down by 31.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 36% were sold at asking, and 45% were sold over asking.
Days on Market for Beaverdam, VA
How long does it take to sell a home in Beaverdam, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 32 Days | -27.2% |
Summary: Homes in Beaverdam had an average of 32 days on market in Mar 2024, down by 27.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Beaverdam; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.