Is Center, 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, Center was a Seller's Market.
Housing Prices in Center, VA
How much do homes in Center, VA cost?
Median Sold Price
$340,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Center was $340,000 in March 2024, up 11.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $200K | $189K | -5.5% |
3 Bedrooms | $279.9K | $278.7K | -0.4% |
4 Bedrooms | $359K | $475K | +32.3% |
5+ Bedrooms | $500K | $490K | -2.0% |
Summary: Center 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 decreased by 5.5%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes decreased by 2%.
Housing Supply in Center, VA
How many homes are available in Center, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 62 | +59.0% |
Summary: The Center real estate market had 62 homes for sale in March 2024, a 59.0% 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 | 1 | 4 | +300.0% |
3 Bedrooms | 18 | 35 | +94.4% |
4 Bedrooms | 17 | 19 | +11.8% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Center 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 increased by 300%, 3 bedroom homes increased by 94.4%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Center in March 2024, down by 18.2% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
15 Days | 19 Days | +29.3% |
Summary: Homes in Center had an average of 19 days on market in Mar 2024, up by 29.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Center; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.