Is Esmont, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Esmont is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Esmont was a Buyer's Market.

Key Takeaway

Esmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Esmont, VA

How much do homes in Esmont, VA cost?

Median Sold Price

$263,000

$217/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$24,000(+10.0%)

Key Takeaway

Homes in Esmont have sold for 10% more than they did a month ago.

Summary: The median home sold price in Esmont was $263,000 in February 2024, up 10% from last month, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $239K-
N/A
3 -$205K
N/A
4 -$321K
N/A
5+ --
N/A

Summary: Esmont housing prices by bedroom type for February 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Esmont, VA

How many homes are available in Esmont, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
98-11.1%

Summary: The Esmont real estate market had 8 homes for sale in February 2024, a 11.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 21
-50.0%
4 34
+33.3%
5+ 11
0.0%

Summary: The Esmont housing inventory by bedroom type for February 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 decreased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Esmont, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Esmont in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Esmont, VA

How long does it take to sell a home in Esmont, VA?

Average Sale Time

Jan 2024Feb 2024CHANGE
162 Days118 Days-26.9%

Summary: Homes in Esmont had an average of 118 days on market in Feb 2024, down by 26.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Esmont has remained consistent over time.

Summary: During February 2024, 2 homes were sold in Esmont; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Esmont, VA

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