Is Bristol, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bristol has remained a Seller's Market.
Housing Prices in Bristol, VA
How much do homes in Bristol, VA cost?
Median Sold Price
$209,300
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bristol was $209,300 in April 2024, up 7.4% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $84.5K | N/A |
2 Bedrooms | $124.7K | $150.5K | +20.7% |
3 Bedrooms | $199.9K | $215K | +7.6% |
4 Bedrooms | $305K | $310K | +1.6% |
5+ Bedrooms | $360K | $462.5K | +28.5% |
Summary: Bristol housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 28.5%.
Housing Supply in Bristol, VA
How many homes are available in Bristol, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
118 | 105 | -11.0% |
Summary: The Bristol real estate market had 105 homes for sale in April 2024, a 11.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 24 | 24 | 0.0% |
3 Bedrooms | 63 | 57 | -9.5% |
4 Bedrooms | 21 | 16 | -23.8% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Bristol housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 25 | -28.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Bristol in April 2024, down by 28.6% month-over-month. Of the 25 sold homes, 68% were sold under asking, 12% were sold at asking, and 20% were sold over asking.
Days on Market for Bristol, VA
How long does it take to sell a home in Bristol, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
72 Days | 72 Days | -0.2% |
Summary: Homes in Bristol had an average of 72 days on market in Apr 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Bristol; 12% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.