Is Clifton Forge, 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, Clifton Forge was a Neutral Market.
Key Takeaway
Clifton Forge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clifton Forge, VA
How much do homes in Clifton Forge, VA cost?
Median Sold Price
$123,000
$60/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Clifton Forge have sold for 28.8% more than they did a year ago.
Summary: The median home sold price in Clifton Forge was $123,000 in March 2024, up 28.8% from last year, and the median price per square foot was $60.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $69K | $48K | -30.5% |
| 3 Bedrooms | $93.9K | $107.7K | +14.7% |
| 4 Bedrooms | $147.2K | $172K | +16.8% |
| 5+ Bedrooms | $225K | $245K | +8.9% |
Summary: Clifton Forge 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 30.5%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
| Clifton Forge | $95.5K | $123K | +28.8% |
| Clifton Forge West | $70K | $89.2K | +27.5% |
Housing Supply in Clifton Forge, VA
How many homes are available in Clifton Forge, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Summary: The Clifton Forge real estate market had 23 homes for sale in March 2024, a 35.3% 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 | 6 | +50.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Clifton Forge 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 50%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clifton Forge, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Clifton Forge in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Clifton Forge, VA
We’re sorry, we don't have information for this market at the moment
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