Is Dale, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Dale has remained a Seller's Market.
Key Takeaway
Dale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dale, VA
How much do homes in Dale, VA cost?
Median Sold Price
$336,216
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Dale have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Dale was $336,216 in March 2024, up 5.1% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $53.2K | $85.2K | +60.2% |
| 2 Bedrooms | $205K | $210K | +2.4% |
| 3 Bedrooms | $278K | $308.3K | +10.9% |
| 4 Bedrooms | $365K | $389.9K | +6.8% |
| 5+ Bedrooms | $449.9K | $500.8K | +11.3% |
Summary: Dale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.2%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
| Clover Hill | $330.2K | $360K | +9.0% |
| Dale | $319.7K | $336.2K | +5.1% |
| Matoaca | $436.6K | $450K | +3.1% |
| Chester | $351K | $360K | +2.6% |
| Chesterfield | $420.1K | $427.4K | +1.7% |
Housing Supply in Dale, VA
How many homes are available in Dale, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 208 | 223 | +7.2% |
Summary: The Dale real estate market had 223 homes for sale in March 2024, a 7.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 107 | 110 | +2.8% |
| 4 Bedrooms | 81 | 92 | +13.6% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Dale 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 decreased by 33.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 59 | +31.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dale, you could pay more than the asking price. 56.1% of homes here sold above asking price last month.
Summary: A total of 59 homes were sold or pending in Dale in March 2024, up by 31.1% month-over-month. Of the 57 sold homes, 25% were sold under asking, 19% were sold at asking, and 56% were sold over asking.
Days on Market for Dale, VA
How long does it take to sell a home in Dale, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 20 Days | -26.7% |
Summary: Homes in Dale had an average of 20 days on market in Mar 2024, down by 26.7% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 59 homes were sold in Dale; 76% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved