Is Bedford, 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, Bedford has remained a Seller's Market.
Housing Prices in Bedford, VA
How much do homes in Bedford, VA cost?
Median Sold Price
$266,633
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bedford was $266,633 in March 2024, up 13.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $259.9K | $379.9K | +46.2% |
2 Bedrooms | $137K | $215K | +56.9% |
3 Bedrooms | $220K | $259.9K | +18.1% |
4 Bedrooms | $272.2K | $449K | +65.0% |
5+ Bedrooms | $335K | $532K | +58.8% |
Summary: Bedford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.2%, 2 bedroom homes increased by 56.9%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 65%, and 5+ bedroom homes increased by 58.8%.
Median Sold Price Compared To Nearby Cities
Bedford | $235K | $266.6K | +13.5% |
Center | $305K | $340K | +11.5% |
Housing Supply in Bedford, VA
How many homes are available in Bedford, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 116 | +41.5% |
Summary: The Bedford real estate market had 116 homes for sale in March 2024, a 41.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 11 | 16 | +45.5% |
3 Bedrooms | 36 | 53 | +47.2% |
4 Bedrooms | 24 | 33 | +37.5% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Bedford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 45.5%, 3 bedroom homes increased by 47.2%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 26 | +44.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Bedford in March 2024, up by 44.4% month-over-month. Of the 26 sold homes, 58% were sold under asking, 12% were sold at asking, and 31% were sold over asking.
Days on Market for Bedford, VA
How long does it take to sell a home in Bedford, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 40 Days | +131.2% |
Summary: Homes in Bedford had an average of 40 days on market in Mar 2024, up by 131.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in Bedford; 38% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.