$10,000 Closing Credit*
$975,000
1,812 SqFt
3 Beds
•2 Full Baths
Jason Meeks, Listing Office: Meeks Realty
Is Dillwyn, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Dillwyn was a Seller's Market.
Key Takeaway
Dillwyn 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 Dillwyn, VA
How much do homes in Dillwyn, VA cost?
Median Sold Price
$307,500
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$37,500(+13.9%)
Key Takeaway
Homes in Dillwyn have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Dillwyn was $307,500 in August 2024, up 13.9% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $83.5K | -50.9% |
| 2 Bedrooms | $231K | - | N/A |
| 3 Bedrooms | $270K | $303.7K | +12.5% |
| 4 Bedrooms | $340K | $359.5K | +5.7% |
| 5+ Bedrooms | $260K | $338.7K | +30.3% |
Summary: Dillwyn housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 30.3%.
Housing Supply in Dillwyn, VA
How many homes are available in Dillwyn, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Summary: The Dillwyn real estate market had 20 homes for sale in August 2024, a 25.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Dillwyn housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dillwyn, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Dillwyn in August 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Dillwyn, VA
How long does it take to sell a home in Dillwyn, VA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 151 Days | 92 Days | -38.8% |
Summary: Homes in Dillwyn had an average of 92 days on market in Aug 2024, down by 38.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Dillwyn are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During August 2024, 3 homes were sold in Dillwyn; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.