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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hartwood is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Hartwood has remained a Seller's Market.

Key Takeaway

Hartwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hartwood, VA

How much do homes in Hartwood, VA cost?

Median Sold Price

$625,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$25,000(+4.2%)

Key Takeaway

Homes in Hartwood have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Hartwood was $625,000 in September 2024, up 4.2% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$180K
N/A
2 $380K$387.5K
+2.0%
3 $500K$519K
+3.8%
4 $630K$645K
+2.4%
5+ $687.4K$730K
+6.2%

Summary: Hartwood housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Cities

Rock Hill
+8.0%
Falmouth
+5.7%
Stafford
+4.9%
Hartwood
+4.2%
Garrisonville
-0.5%

Housing Supply in Hartwood, VA

How many homes are available in Hartwood, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
143137-4.2%

Summary: The Hartwood real estate market had 137 homes for sale in September 2024, a 4.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 811
+37.5%
3 2422
-8.3%
4 6457
-10.9%
5+ 4747
0.0%

Summary: The Hartwood housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4429-34.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hartwood, expect to pay close to the asking price. 37.9% of homes here sold near the asking price last month.

Summary: A total of 29 homes were sold or pending in Hartwood in September 2024, down by 34.1% month-over-month. Of the 29 sold homes, 24% were sold under asking, 38% were sold at asking, and 38% were sold over asking.

Days on Market for Hartwood, VA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
23 Days26 Days+15.1%

Summary: Homes in Hartwood had an average of 26 days on market in Sep 2024, up by 15.1% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 29 homes were sold in Hartwood; 69% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% 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 Sep 1, 2024

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