Is Center, 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, Center has remained a Seller's Market.
Housing Prices in Center, VA
How much do homes in Center, VA cost?
Median Sold Price
$550,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Center was $550,000 in April 2024, up 16.1% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $203.1K | N/A |
2 Bedrooms | $312K | $243.5K | -22.0% |
3 Bedrooms | $435K | $470K | +8.0% |
4 Bedrooms | $582.5K | $639.9K | +9.9% |
5+ Bedrooms | $599.2K | $722.5K | +20.6% |
Summary: Center 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 decreased by 22%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 20.6%.
Housing Supply in Center, VA
How many homes are available in Center, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 86 | +13.2% |
Summary: The Center real estate market had 86 homes for sale in April 2024, a 13.2% increase 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 | 2 | 2 | 0.0% |
3 Bedrooms | 31 | 32 | +3.2% |
4 Bedrooms | 34 | 37 | +8.8% |
5+ Bedrooms | 8 | 14 | +75.0% |
Summary: The Center 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 increased by 3.2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 23 | -11.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Center in April 2024, down by 11.5% month-over-month. Of the 23 sold homes, 17% were sold under asking, 17% were sold at asking, and 65% were sold over asking.
Days on Market for Center, VA
How long does it take to sell a home in Center, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 35 Days | +104.0% |
Summary: Homes in Center had an average of 35 days on market in Apr 2024, up by 104% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Center; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.