$5,936 Closing Credit*
$499,900
1,756 SqFt
4 Beds
•4 Full Baths, 1 Partial
KARL MILLER, Listing Office: KARL MILLER REALTY LLC
Is Brookneal, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Brookneal was a Seller's Market.
Key Takeaway
Brookneal is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Brookneal, VA
How much do homes in Brookneal, VA cost?
Median Sold Price
$181,700
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$53,700(+42.0%)
Key Takeaway
Homes in Brookneal have sold for 42% more than they did a year ago.
Summary: The median home sold price in Brookneal was $181,700 in September 2024, up 42% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $92K | $106.9K | +16.3% |
| 3 Bedrooms | $125K | $192K | +53.6% |
| 4 Bedrooms | $307.4K | $463K | +50.6% |
| 5+ Bedrooms | - | $152K | N/A |
Summary: Brookneal housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 53.6%, 4 bedroom homes increased by 50.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Brookneal | $128K | $181.7K | +42.0% |
| Gladys | $275.4K | $225K | -18.3% |
Housing Supply in Brookneal, VA
How many homes are available in Brookneal, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 26 | 22 | -15.4% |
Summary: The Brookneal real estate market had 22 homes for sale in September 2024, a 15.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Brookneal housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookneal, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Brookneal in September 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Brookneal, VA
How long does it take to sell a home in Brookneal, VA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 11 Days | 44 Days | +303.0% |
Summary: Homes in Brookneal had an average of 44 days on market in Sep 2024, up by 303% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brookneal are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in Brookneal; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
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.