$185,000
16.01 Acres
Land
Abby L Walters, Listing Office: Preslee Real Estate
Is Edinburg, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Edinburg was a Seller's Market.
Key Takeaway
Edinburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Edinburg, VA
How much do homes in Edinburg, VA cost?
Median Sold Price
$342,675
$141/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
+$15,175(+4.6%)
Key Takeaway
Homes in Edinburg have sold for 4.6% more than they did a month ago.
Summary: The median home sold price in Edinburg was $342,675 in August 2024, up 4.6% from last month, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $224K | - | N/A |
| 3 Bedrooms | $382.5K | $410.5K | +7.3% |
| 4 Bedrooms | - | $342.6K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Edinburg housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Edinburg, VA
How many homes are available in Edinburg, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Summary: The Edinburg real estate market had 28 homes for sale in August 2024, a 27.3% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 5 | 10 | +100.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Edinburg 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 decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
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 Edinburg, 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 Edinburg 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 Edinburg, VA
How long does it take to sell a home in Edinburg, VA?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 7 Days | 54 Days | +620.0% |
Summary: Homes in Edinburg had an average of 54 days on market in Aug 2024, up by 620% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Edinburg are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 3 homes were sold in Edinburg; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
