Is Berryville, 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, Berryville was a Seller's Market.
Housing Prices in Berryville, VA
How much do homes in Berryville, VA cost?
Median Sold Price
$564,950
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Berryville was $564,950 in March 2024, up 7.5% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $354.5K | N/A |
2 Bedrooms | $240K | $287.5K | +19.8% |
3 Bedrooms | $390K | $479.1K | +22.8% |
4 Bedrooms | $528.5K | $587.2K | +11.1% |
5+ Bedrooms | $627.4K | $660K | +5.2% |
Summary: Berryville 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 19.8%, 3 bedroom homes increased by 22.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
Berryville | $525.7K | $564.9K | +7.5% |
Buckmarsh | $505K | $470K | -6.9% |
Housing Supply in Berryville, VA
How many homes are available in Berryville, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 47 | +14.6% |
Summary: The Berryville real estate market had 47 homes for sale in March 2024, a 14.6% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 24 | 24 | 0.0% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Berryville 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Berryville in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Berryville, VA
How long does it take to sell a home in Berryville, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
73 Days | 46 Days | -36.3% |
Summary: Homes in Berryville had an average of 46 days on market in Mar 2024, down by 36.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Berryville; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.