Is Buckingham County, 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, Buckingham County was a Buyer's Market.
Key Takeaway
Buckingham County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Buckingham County, VA
How much do homes in Buckingham County, VA cost?
Median Sold Price
$290,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Buckingham County have sold for 18.4% more than they did a year ago.
Summary: The median home sold price in Buckingham County was $290,000 in March 2024, up 18.4% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $122.5K | N/A |
| 2 Bedrooms | $150K | $185K | +23.3% |
| 3 Bedrooms | $249.9K | $299.9K | +20.0% |
| 4 Bedrooms | $250K | $345K | +38.0% |
| 5+ Bedrooms | $334.5K | $505K | +51.0% |
Summary: Buckingham County 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 23.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 38%, and 5+ bedroom homes increased by 51%.
Median Sold Price Compared To Nearby Counties
| Nelson County | $395K | $490.5K | +24.2% |
| Buckingham County | $245K | $290K | +18.4% |
| Cumberland County | $270K | $290K | +7.4% |
| Appomattox County | $265K | $275K | +3.8% |
| Fluvanna County | $346K | $355.6K | +2.8% |
Housing Supply in Buckingham County, VA
How many homes are available in Buckingham County, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 52 | +20.9% |
Summary: The Buckingham County real estate market had 52 homes for sale in March 2024, a 20.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 32 | 40 | +25.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Buckingham County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 11 | +266.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buckingham County, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Buckingham County in March 2024, up by 266.7% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Buckingham County, VA
How long does it take to sell a home in Buckingham County, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 58 Days | 67 Days | +14.5% |
Summary: Homes in Buckingham County had an average of 67 days on market in Mar 2024, up by 14.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Buckingham County has remained consistent over time.
Summary: During March 2024, 11 homes were sold in Buckingham County; 18% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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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.