Is Cobbs Creek, 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, Cobbs Creek was a Seller's Market.
Key Takeaway
Cobbs Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cobbs Creek, VA
How much do homes in Cobbs Creek, VA cost?
Median Sold Price
$350,950
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cobbs Creek have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Cobbs Creek was $350,950 in March 2024, up 8.2% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $596.5K | N/A |
| 2 Bedrooms | $264.9K | $560K | +111.4% |
| 3 Bedrooms | $324.5K | $342K | +5.4% |
| 4 Bedrooms | $625K | $125K | -80.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cobbs Creek 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 increased by 111.4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 80%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cobbs Creek | $324.5K | $350.9K | +8.2% |
| Hardyville | $406.2K | $380.6K | -6.3% |
| Piankatank | $335K | $312.5K | -6.7% |
Housing Supply in Cobbs Creek, VA
How many homes are available in Cobbs Creek, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Cobbs Creek real estate market had 8 homes for sale in March 2024, a 11.1% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cobbs Creek 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 remained the same, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cobbs Creek, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Cobbs Creek in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cobbs Creek, VA
How long does it take to sell a home in Cobbs Creek, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 11 Days | 3 Days | -74.3% |
Summary: Homes in Cobbs Creek had an average of 3 days on market in Mar 2024, down by 74.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cobbs Creek are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Cobbs Creek; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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