Is Collinsville, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Collinsville is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Collinsville was a Seller's Market.

Key Takeaway

Collinsville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Collinsville, VA

How much do homes in Collinsville, VA cost?

Median Sold Price

$127,250

$144/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$10,700(-7.8%)

Key Takeaway

Homes in Collinsville have sold for 7.8% less than they did a month ago.

Summary: The median home sold price in Collinsville was $127,250 in February 2024, down 7.8% from last month, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $139.9K$104.5K
-25.3%
3 $136K$150K
+10.3%
4 --
N/A
5+ --
N/A

Summary: Collinsville housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Reed Creek
+7.2%
Collinsville
-7.8%

Housing Supply in Collinsville, VA

How many homes are available in Collinsville, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1114+27.3%

Summary: The Collinsville real estate market had 14 homes for sale in February 2024, a 27.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 78
+14.3%
4 24
+100.0%
5+ 00
0.0%

Summary: The Collinsville housing inventory by bedroom type for February 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 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Collinsville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Collinsville in February 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Collinsville, VA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Collinsville, VA

Nearby Markets to Collinsville, VA

What housing markets are near Collinsville, VA?