Is Bedford 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, Bedford County has remained a Seller's Market.
Key Takeaway
Bedford County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bedford County, VA
How much do homes in Bedford County, VA cost?
Median Sold Price
$375,255
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bedford County have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Bedford County was $375,255 in March 2024, up 6.8% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159K | $200K | +25.8% |
| 2 Bedrooms | $241K | $300K | +24.5% |
| 3 Bedrooms | $311.3K | $324.9K | +4.4% |
| 4 Bedrooms | $488.7K | $514.4K | +5.3% |
| 5+ Bedrooms | $649.9K | $665K | +2.3% |
Summary: Bedford County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.8%, 2 bedroom homes increased by 24.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Counties
| Amherst County | $225.5K | $243K | +7.8% |
| Bedford County | $351.2K | $375.2K | +6.8% |
| Roanoke County | $288.6K | $306.1K | +6.0% |
| Campbell County | $256.4K | $267.4K | +4.3% |
| Botetourt County | $327.7K | $335K | +2.2% |
Housing Supply in Bedford County, VA
How many homes are available in Bedford County, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 344 | 511 | +48.5% |
Summary: The Bedford County real estate market had 511 homes for sale in March 2024, a 48.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 16 | 0.0% |
| 2 Bedrooms | 51 | 73 | +43.1% |
| 3 Bedrooms | 140 | 231 | +65.0% |
| 4 Bedrooms | 86 | 137 | +59.3% |
| 5+ Bedrooms | 51 | 54 | +5.9% |
Summary: The Bedford County 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 increased by 43.1%, 3 bedroom homes increased by 65%, 4 bedroom homes increased by 59.3%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 71 | 99 | +39.4% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bedford County, you may be able to get a good deal. 59.6% of homes here sold below asking price last month.
Summary: A total of 99 homes were sold or pending in Bedford County in March 2024, up by 39.4% month-over-month. Of the 99 sold homes, 60% were sold under asking, 23% were sold at asking, and 17% were sold over asking.
Days on Market for Bedford County, VA
How long does it take to sell a home in Bedford County, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 41 Days | +70.9% |
Summary: Homes in Bedford County had an average of 41 days on market in Mar 2024, up by 70.9% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bedford County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 99 homes were sold in Bedford County; 34% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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.