Is Henry, 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, Henry was a Seller's Market.
Key Takeaway
Henry is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Henry, VA
How much do homes in Henry, VA cost?
Median Sold Price
$444,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Henry have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Henry was $444,000 in March 2024, up 3.3% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $340K | $367.5K | +8.1% |
| 3 Bedrooms | $340K | $366.5K | +7.8% |
| 4 Bedrooms | $474.5K | $485K | +2.2% |
| 5+ Bedrooms | $621K | $650K | +4.7% |
Summary: Henry 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 8.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Chickahominy | $450K | $488.9K | +8.7% |
| Mechanicsville | $399.9K | $425K | +6.3% |
| Henry | $430K | $444K | +3.3% |
Housing Supply in Henry, VA
How many homes are available in Henry, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 72 | 79 | +9.7% |
Summary: The Henry real estate market had 79 homes for sale in March 2024, a 9.7% 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 25 | 26 | +4.0% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The Henry 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 33.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Henry, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Henry in March 2024, down by 25.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Henry, VA
How long does it take to sell a home in Henry, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 39 Days | -24.3% |
Summary: Homes in Henry had an average of 39 days on market in Mar 2024, down by 24.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Henry are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Henry; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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