$2,896 Closing Credit*
$243,900
2,128 SqFt
3 Beds
•2 Full Baths
Robbie Stephens, Listing Office: Century 21 ALL-SERVICE-APP
Is Falling River, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Falling River has remained a Seller's Market.
Key Takeaway
Falling River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Falling River, VA
How much do homes in Falling River, VA cost?
Median Sold Price
$239,950
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$44,950(-15.8%)
Key Takeaway
Homes in Falling River have sold for 15.8% less than they did a year ago.
Summary: The median home sold price in Falling River was $239,950 in August 2024, down 15.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179.9K | $111.4K | -38.1% |
| 3 Bedrooms | $291.9K | $285K | -2.4% |
| 4 Bedrooms | $285K | $237.9K | -16.5% |
| 5+ Bedrooms | $210.7K | $250K | +18.6% |
Summary: Falling River housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.1%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 16.5%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
| Courthouse | $220K | $250K | +13.6% |
| Spout Spring | $298.4K | $296K | -0.8% |
| Falling River | $284.9K | $239.9K | -15.8% |
Housing Supply in Falling River, VA
How many homes are available in Falling River, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Falling River real estate market had 11 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Falling River 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Falling River, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Falling River in August 2024, up by 100.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Falling River, VA
How long does it take to sell a home in Falling River, VA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 44 Days | 39 Days | -10.1% |
Summary: Homes in Falling River had an average of 39 days on market in Aug 2024, down by 10.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Falling River are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 6 homes were sold in Falling River; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
