Is Groveton, 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, Groveton has remained a Seller's Market.
Housing Prices in Groveton, VA
How much do homes in Groveton, VA cost?
Median Sold Price
$610,000
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Groveton was $610,000 in April 2024, up 4.9% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $800K | - | N/A |
2 Bedrooms | $475.5K | $490K | +3.0% |
3 Bedrooms | $502.5K | $567.5K | +12.9% |
4 Bedrooms | $700K | $716.2K | +2.3% |
5+ Bedrooms | $935K | $795.7K | -14.9% |
Summary: Groveton 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 3%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 14.9%.
Median Sold Price Compared To Nearby Neighborhoods
Huntley Meadows | $465K | $490K | +5.4% |
Groveton | $581.5K | $610K | +4.9% |
Housing Supply in Groveton, VA
How many homes are available in Groveton, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 41 | +70.8% |
Summary: The Groveton real estate market had 41 homes for sale in April 2024, a 70.8% 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 | 3 | 7 | +133.3% |
3 Bedrooms | 12 | 16 | +33.3% |
4 Bedrooms | 7 | 13 | +85.7% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Groveton 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 133.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Groveton in April 2024, up by 62.5% month-over-month. Of the 13 sold homes, 23% were sold under asking, 31% were sold at asking, and 46% were sold over asking.
Days on Market for Groveton, VA
How long does it take to sell a home in Groveton, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 35 Days | +107.2% |
Summary: Homes in Groveton had an average of 35 days on market in Apr 2024, up by 107.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Groveton; 77% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.