Is Dinwiddie, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Dinwiddie has remained a Seller's Market.
Key Takeaway
Dinwiddie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dinwiddie, VA
How much do homes in Dinwiddie, VA cost?
Median Sold Price
$300,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dinwiddie have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Dinwiddie was $300,000 in April 2024, up 3.4% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | $210K | +44.8% |
| 3 Bedrooms | $290K | $289.9K | 0% |
| 4 Bedrooms | $353K | $315K | -10.8% |
| 5+ Bedrooms | $185K | $515K | +178.4% |
Summary: Dinwiddie housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 178.4%.
Median Sold Price Compared To Nearby Cities
| Petersburg | $215.3K | $226.2K | +5.1% |
| Carson | $279.8K | $289.9K | +3.6% |
| Dinwiddie | $290K | $300K | +3.4% |
| Mc Kenney | $217.5K | $220K | +1.1% |
Housing Supply in Dinwiddie, VA
How many homes are available in Dinwiddie, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The Dinwiddie real estate market had 15 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Dinwiddie housing inventory by bedroom type for April 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 11.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Dinwiddie, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Dinwiddie in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Dinwiddie, VA
How long does it take to sell a home in Dinwiddie, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 45 Days | -21.7% |
Summary: Homes in Dinwiddie had an average of 45 days on market in Apr 2024, down by 21.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dinwiddie are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Dinwiddie; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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