Is Falling River, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Falling River was a Seller's Market.
Key Takeaway
Falling River is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Falling River, VA
How much do homes in Falling River, VA cost?
Median Sold Price
$285,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Falling River have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Falling River was $285,000 in April 2024, up 14.5% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $73.1K | $129.9K | +77.7% |
| 3 Bedrooms | $258.9K | $325.2K | +25.6% |
| 4 Bedrooms | $409K | $239.9K | -41.3% |
| 5+ Bedrooms | $210.7K | $610K | +189.4% |
Summary: Falling River 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 77.7%, 3 bedroom homes increased by 25.6%, 4 bedroom homes decreased by 41.3%, and 5+ bedroom homes increased by 189.4%.
Median Sold Price Compared To Nearby Cities
| Falling River | $249K | $285K | +14.5% |
| Courthouse | $222.2K | $247.7K | +11.5% |
| Appomattox River | $267.7K | $261.5K | -2.3% |
Housing Supply in Falling River, VA
How many homes are available in Falling River, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 22 | +175.0% |
Summary: The Falling River real estate market had 22 homes for sale in April 2024, a 175.0% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 13 | +225.0% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Falling River 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 increased by 100%, 3 bedroom homes increased by 225%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Falling River in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 1 Day | -87.9% |
Summary: Homes in Falling River had an average of 1 days on market in Apr 2024, down by 87.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Falling River are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Falling River; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.