Is Lee Hill, 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, Lee Hill was a Buyer's Market.
Housing Prices in Lee Hill, VA
How much do homes in Lee Hill, VA cost?
Median Sold Price
$449,925
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lee Hill was $449,925 in March 2024, up 6.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $225K | N/A |
2 Bedrooms | $270.7K | $297K | +9.7% |
3 Bedrooms | $349.9K | $368K | +5.2% |
4 Bedrooms | $480K | $488.7K | +1.8% |
5+ Bedrooms | $564.5K | $570K | +1.0% |
Summary: Lee Hill 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 9.7%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
Salem | $315K | $355K | +12.7% |
Battlefield | $390K | $415.9K | +6.6% |
Lee Hill | $422.5K | $449.9K | +6.5% |
Fredericksburg | $414.9K | $437.3K | +5.4% |
Fredericksburg | $429.9K | $438.2K | +1.9% |
Housing Supply in Lee Hill, VA
How many homes are available in Lee Hill, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
152 | 144 | -5.3% |
Summary: The Lee Hill real estate market had 144 homes for sale in March 2024, a 5.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 36 | 38 | +5.6% |
4 Bedrooms | 61 | 53 | -13.1% |
5+ Bedrooms | 42 | 40 | -4.8% |
Summary: The Lee Hill 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 remained the same, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 39 | -7.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Lee Hill in March 2024, down by 7.1% month-over-month. Of the 39 sold homes, 31% were sold under asking, 21% were sold at asking, and 49% were sold over asking.
Days on Market for Lee Hill, VA
How long does it take to sell a home in Lee Hill, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 17 Days | -51.9% |
Summary: Homes in Lee Hill had an average of 17 days on market in Mar 2024, down by 51.9% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 39 homes were sold in Lee Hill; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.