Is Buena Vista, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buena Vista is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Buena Vista has remained a Buyer's Market.

Key Takeaway

Buena Vista is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Buena Vista, VA

How much do homes in Buena Vista, VA cost?

Median Sold Price

$252,000

$198/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

+$100,000(+65.8%)

Key Takeaway

Homes in Buena Vista have sold for 65.8% more than they did a month ago.

Summary: The median home sold price in Buena Vista was $252,000 in August 2024, up 65.8% from last month, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 --
N/A
3 $152K$252K
+65.8%
4 --
N/A
5+ --
N/A

Summary: Buena Vista housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 65.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Buena Vista
+65.8%
Shacklefords
+23.4%

Housing Supply in Buena Vista, VA

How many homes are available in Buena Vista, VA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1721+23.5%

Summary: The Buena Vista real estate market had 21 homes for sale in August 2024, a 23.5% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 910
+11.1%
4 34
+33.3%
5+ 22
0.0%

Summary: The Buena Vista housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buena Vista, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Buena Vista in August 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Buena Vista, VA

How long does it take to sell a home in Buena Vista, VA?

Average Sale Time

Jul 2024Aug 2024CHANGE
18 Days41 Days+127.8%

Summary: Homes in Buena Vista had an average of 41 days on market in Aug 2024, up by 127.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Buena Vista has remained consistent over time.

Summary: During August 2024, 1 homes were sold in Buena Vista; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Buena Vista, VA

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