Is Mc Kenney, 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, Mc Kenney has remained a Seller's Market.
Housing Prices in Mc Kenney, VA
How much do homes in Mc Kenney, VA cost?
Median Sold Price
$217,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mc Kenney was $217,500 in March 2024, up 3.6% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $151K | $147.5K | -2.3% |
3 Bedrooms | $208K | $217.4K | +4.5% |
4 Bedrooms | $243K | $321.5K | +32.3% |
5+ Bedrooms | $320K | $343.5K | +7.3% |
Summary: Mc Kenney 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 decreased by 2.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
McKenney | $190.5K | $215K | +12.9% |
Mc Kenney | $210K | $217.5K | +3.6% |
Housing Supply in Mc Kenney, VA
How many homes are available in Mc Kenney, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 11 | -35.3% |
Summary: The Mc Kenney real estate market had 11 homes for sale in March 2024, a 35.3% decrease 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 | 2 | 2 | 0.0% |
3 Bedrooms | 15 | 8 | -46.7% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mc Kenney 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 decreased by 46.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Mc Kenney in March 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Mc Kenney, VA
How long does it take to sell a home in Mc Kenney, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 74 Days | +69.9% |
Summary: Homes in Mc Kenney had an average of 74 days on market in Mar 2024, up by 69.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Mc Kenney; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.