Is Locust Dale, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Locust Dale was a Buyer's Market.
Key Takeaway
Locust Dale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Locust Dale, VA
How much do homes in Locust Dale, VA cost?
Median Sold Price
$425,000
$301/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Locust Dale have sold for 19% more than they did a month ago.
Summary: The median home sold price in Locust Dale was $425,000 in March 2024, up 19% from last month, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $280K | N/A |
| 3 Bedrooms | $357.2K | $425K | +19.0% |
| 4 Bedrooms | - | $630K | N/A |
| 5+ Bedrooms | - | $425K | N/A |
Summary: Locust Dale housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 19%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Locust Dale, VA
How many homes are available in Locust Dale, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 42 | +20.0% |
Summary: The Locust Dale real estate market had 42 homes for sale in March 2024, a 20.0% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Locust Dale 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 100%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Locust Dale, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Locust Dale in March 2024, up by 125.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Locust Dale, VA
How long does it take to sell a home in Locust Dale, VA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 Days | 52 Days | -21.3% |
Summary: Homes in Locust Dale had an average of 52 days on market in Mar 2024, down by 21.3% compared to last month.
Breakdown of Home Sale Times
4 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 Locust Dale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Locust Dale; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.