Is Griffis-Widewater, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Griffis-Widewater was a Seller's Market.
Key Takeaway
Griffis-Widewater is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Griffis-Widewater, VA
How much do homes in Griffis-Widewater, VA cost?
Median Sold Price
$475,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Griffis-Widewater have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Griffis-Widewater was $475,000 in March 2024, up 3.3% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $307.5K | +25.5% |
| 3 Bedrooms | $389.9K | $380K | -2.5% |
| 4 Bedrooms | $480K | $490K | +2.1% |
| 5+ Bedrooms | $537.5K | $555K | +3.3% |
Summary: Griffis-Widewater housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.5%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Aquia | $460.5K | $483.2K | +4.9% |
| Stafford | $500K | $519.9K | +4.0% |
| Griffis-Widewater | $460K | $475K | +3.3% |
| Rock Hill | $530K | $545K | +2.8% |
| Garrisonville | $495K | $500K | +1.0% |
Housing Supply in Griffis-Widewater, VA
How many homes are available in Griffis-Widewater, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 81 | 93 | +14.8% |
Summary: The Griffis-Widewater real estate market had 93 homes for sale in March 2024, a 14.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 22 | 27 | +22.7% |
| 4 Bedrooms | 33 | 35 | +6.1% |
| 5+ Bedrooms | 24 | 28 | +16.7% |
Summary: The Griffis-Widewater housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Griffis-Widewater, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Griffis-Widewater in March 2024, down by 7.7% month-over-month. Of the 12 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for Griffis-Widewater, VA
How long does it take to sell a home in Griffis-Widewater, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 7 Days | -81.4% |
Summary: Homes in Griffis-Widewater had an average of 7 days on market in Mar 2024, down by 81.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Griffis-Widewater are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Griffis-Widewater; 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.
