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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hayes is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Hayes was a Seller's Market.

Key Takeaway

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

Housing Prices in Hayes, VA

How much do homes in Hayes, VA cost?

Median Sold Price

$325,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$20,000(+6.6%)

Key Takeaway

Homes in Hayes have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Hayes was $325,000 in September 2024, up 6.6% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $165K-
N/A
2 $227.5K$255.5K
+12.3%
3 $277.5K$322.4K
+16.2%
4 $397K$420K
+5.8%
5+ $396.2K$525K
+32.5%

Summary: Hayes 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 12.3%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 32.5%.

Median Sold Price Compared To Nearby Cities

York
+12.9%
Gloucester Point
+7.7%
Abingdon
+6.8%
Hayes
+6.6%
Yorktown
-14.2%

Housing Supply in Hayes, VA

How many homes are available in Hayes, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
9287-5.4%

Summary: The Hayes real estate market had 87 homes for sale in September 2024, a 5.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 95
-44.4%
3 5249
-5.8%
4 2525
0.0%
5+ 68
+33.3%

Summary: The Hayes 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 decreased by 44.4%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2211-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hayes, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Hayes in September 2024, down by 50.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Hayes, VA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
24 Days66 Days+175.4%

Summary: Homes in Hayes had an average of 66 days on market in Sep 2024, up by 175.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 11 homes were sold in Hayes; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% 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 4 Days Ago

Newest Listings in Hayes, VA

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