Is Bumpass, 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, Bumpass was a Seller's Market.
Key Takeaway
Bumpass is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bumpass, VA
How much do homes in Bumpass, VA cost?
Median Sold Price
$401,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bumpass have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Bumpass was $401,000 in March 2024, up 14.6% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $210K | +90.9% |
| 2 Bedrooms | $255K | $225K | -11.8% |
| 3 Bedrooms | $318.8K | $379K | +18.9% |
| 4 Bedrooms | $466.9K | $504.9K | +8.1% |
| 5+ Bedrooms | $910.5K | $1.3M | +53.2% |
Summary: Bumpass housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.9%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 53.2%.
Median Sold Price Compared To Nearby Cities
| Cuckoo | $364.7K | $432K | +18.5% |
| Jackson | $340K | $389.9K | +14.7% |
| Bumpass | $350K | $401K | +14.6% |
| Mountain Road | $335K | $375K | +11.9% |
Housing Supply in Bumpass, VA
How many homes are available in Bumpass, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 103 | 123 | +19.4% |
Summary: The Bumpass real estate market had 123 homes for sale in March 2024, a 19.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 56 | 69 | +23.2% |
| 4 Bedrooms | 32 | 34 | +6.3% |
| 5+ Bedrooms | 11 | 17 | +54.5% |
Summary: The Bumpass housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 54.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bumpass, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Bumpass in March 2024, up by 77.8% month-over-month. Of the 16 sold homes, 25% were sold under asking, 44% were sold at asking, and 31% were sold over asking.
Days on Market for Bumpass, VA
How long does it take to sell a home in Bumpass, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 59 Days | -13.9% |
Summary: Homes in Bumpass had an average of 59 days on market in Mar 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bumpass has remained consistent over time.
Summary: During March 2024, 16 homes were sold in Bumpass; 38% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 19% 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.