Is Ford's Colony, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ford's Colony has remained a Seller's Market.
Key Takeaway
Ford's Colony is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ford's Colony, VA
How much do homes in Ford's Colony, VA cost?
Median Sold Price
$725,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Ford's Colony has remained the same since last year.
Summary: The median home sold price in Ford's Colony was $725,000 in April 2024, up 0.1% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $417K | $623.8K | +49.6% |
| 3 Bedrooms | $659K | $721.2K | +9.4% |
| 4 Bedrooms | $726K | $728K | 0.3% |
| 5+ Bedrooms | $855K | $925K | +8.2% |
Summary: Ford's Colony 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 49.6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 8.2%.
Housing Supply in Ford's Colony, VA
How many homes are available in Ford's Colony, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 63 | -7.4% |
Summary: The Ford's Colony real estate market had 63 homes for sale in April 2024, a 7.4% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 34 | 29 | -14.7% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Ford's Colony 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 remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ford's Colony, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Ford's Colony in April 2024, up by 20.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Ford's Colony, VA
How long does it take to sell a home in Ford's Colony, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 17 Days | +5.2% |
Summary: Homes in Ford's Colony had an average of 17 days on market in Apr 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ford's Colony are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in Ford's Colony; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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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
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