Housing Prices in Drakes Branch, VA
How much do homes in Drakes Branch, VA cost?
Median List Price
$237,497
$124/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Drakes Branch has increased by 50.8% since last year.
Summary: The median home list price in Drakes Branch was $237,497 in March 2024, up 50.8% from the previous year, and the median price per square foot was $124.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179K | $197.4K | +10.3% |
| 3 Bedrooms | $154K | $179.9K | +16.9% |
| 4 Bedrooms | $160K | $329K | +105.6% |
| 5+ Bedrooms | $182K | - | N/A |
Summary: Drakes Branch 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 10.3%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 105.6%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Central | $154K | $254.4K | +65.3% |
| Drakes Branch | $157.4K | $237.4K | +50.8% |
| Keysville | $174.7K | $224.9K | +28.7% |
Housing Supply in Drakes Branch, VA
How many homes are available in Drakes Branch, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Summary: The Drakes Branch real estate market had 4 homes for sale in March 2024, the same as 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 | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Drakes Branch 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Drakes Branch, VA
How long does it take to sell a home in Drakes Branch, VA?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 58 Days | 136 Days | +135.3% |
Summary: Homes in Drakes Branch had an average listing age of 136 days in Mar 2024, up by 135.3% compared to the previous year.
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