Is Hayes, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hayes has remained a Seller's Market.
Key Takeaway
Hayes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hayes, VA
How much do homes in Hayes, VA cost?
Median Sold Price
$317,500
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hayes have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Hayes was $317,500 in March 2024, up 11.4% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $600K | - | N/A |
| 2 Bedrooms | $197.5K | $277.5K | +40.5% |
| 3 Bedrooms | $285K | $320K | +12.3% |
| 4 Bedrooms | $394.5K | $375K | -4.9% |
| 5+ Bedrooms | $442K | $396.2K | -10.4% |
Summary: Hayes 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 40.5%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 10.4%.
Median Sold Price Compared To Nearby Cities
| York | $285K | $330K | +15.8% |
| Abingdon | $300.6K | $335.5K | +11.6% |
| Hayes | $285K | $317.5K | +11.4% |
| Gloucester Point | $308.5K | $312.5K | +1.3% |
Housing Supply in Hayes, VA
How many homes are available in Hayes, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 94 | 103 | +9.6% |
Summary: The Hayes real estate market had 103 homes for sale in March 2024, a 9.6% 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 | 16 | 14 | -12.5% |
| 3 Bedrooms | 47 | 51 | +8.5% |
| 4 Bedrooms | 27 | 31 | +14.8% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Hayes 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 decreased by 12.5%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 21 | +90.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hayes, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Hayes in March 2024, up by 90.9% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 84 Days | +70.4% |
Summary: Homes in Hayes had an average of 84 days on market in Mar 2024, up by 70.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hayes are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in Hayes; 38% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
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