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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Goochland is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Goochland has remained a Buyer's Market.

Key Takeaway

Goochland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Goochland, VA

How much do homes in Goochland, VA cost?

Median Sold Price

$395,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$10,000(+2.6%)

Key Takeaway

Homes in Goochland have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Goochland was $395,000 in February 2024, up 2.6% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 -$271K
N/A
3 $358.9K$360.4K
0.4%
4 $590K$600K
+1.7%
5+ $660.6K$724.9K
+9.7%

Summary: Goochland housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 9.7%.

Median Sold Price Compared To Nearby Cities

Maidens
+6.5%
Goochland
+2.6%

Housing Supply in Goochland, VA

How many homes are available in Goochland, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2326+13.0%

Summary: The Goochland real estate market had 26 homes for sale in February 2024, a 13.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 67
+16.7%
4 1110
-9.1%
5+ 58
+60.0%

Summary: The Goochland 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Goochland, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Goochland in February 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Goochland, VA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
5 Days32 Days+553.3%

Summary: Homes in Goochland had an average of 32 days on market in Feb 2024, up by 553.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Goochland are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 3 homes were sold in Goochland; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 Goochland, VA

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