Is Garrisonville, 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, Garrisonville has remained a Seller's Market.
Key Takeaway
Garrisonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Garrisonville, VA
How much do homes in Garrisonville, VA cost?
Median Sold Price
$502,500
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Garrisonville have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Garrisonville was $502,500 in April 2024, up 1.9% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $302.5K | $307.5K | +1.7% |
| 3 Bedrooms | $370K | $409.9K | +10.8% |
| 4 Bedrooms | $510K | $525K | +2.9% |
| 5+ Bedrooms | $569K | $574K | +0.9% |
Summary: Garrisonville 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 1.7%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Aquia | $453.3K | $485K | +7.0% |
| Stafford | $500K | $519.9K | +4.0% |
| Griffis-Widewater | $465.2K | $480K | +3.2% |
| Rock Hill | $530K | $545K | +2.8% |
| Garrisonville | $493K | $502.5K | +1.9% |
Housing Supply in Garrisonville, VA
How many homes are available in Garrisonville, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 41 | +51.9% |
Summary: The Garrisonville real estate market had 41 homes for sale in April 2024, a 51.9% 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 | 0 | 0.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 15 | 22 | +46.7% |
| 5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Garrisonville 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 increased by 30%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garrisonville, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Garrisonville in April 2024, down by 27.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Garrisonville, VA
How long does it take to sell a home in Garrisonville, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 12 Days | +96.3% |
Summary: Homes in Garrisonville had an average of 12 days on market in Apr 2024, up by 96.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Garrisonville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Garrisonville; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
