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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beaverdam is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Beaverdam has remained a Seller's Market.

Key Takeaway

Beaverdam is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Beaverdam, VA cost?

Median Sold Price

$459,900

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$30,787(+7.2%)

Key Takeaway

Homes in Beaverdam have sold for 7.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $205K$80K
-61.0%
2 $188.2K$236K
+25.4%
3 $356.7K$374.4K
+5.0%
4 $466.2K$509K
+9.2%
5+ $537.4K$600K
+11.6%

Median Sold Price Compared To Nearby Cities

Ashland
+16.7%
Reedy Church
+7.7%
Beaverdam
+7.2%
South Anna
+1.9%

How many homes are available in Beaverdam, VA?

Number of Homes For Sale

Jul 2022Aug 2022%
76760.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 31
-66.7%
3 2228
+27.3%
4 3330
-9.1%
5+ 1817
-5.6%

Number of Homes Sold

Jul 2022Aug 2022%
1615-6.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beaverdam, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.

Average Sale Time

Aug 2021Aug 2022%
20 Days16 Days-19.9%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Beaverdam, VA

Homes for sale in Beaverdam, VA have reached 76. The median list price of listings available in August 2022 was $459,900, while the average time on the real estate market was 16 days. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 61% more cheaper, the cost of 2 bedrooms properties went up by 25.4%, 3 bedrooms properties prices increased by 5%, 4 bedrooms properties prices increased by 9.2%, the cost of 5 bedrooms properties went up by 11.6%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went down by 66.7%, number of 3 bedrooms homes increased by 27.3%, 4 bedrooms homes became 9.1% less available, the quantity of 5 bedrooms homes went down by 5.6%. While more than 6 listings in Beaverdam, VA in August 2022 were sold above asking price, there were more than 7 listings sold at asking price, and more than 2 were sold below.

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