Is Meadowview, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Meadowview is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Meadowview has remained a Seller's Market.

Key Takeaway

Meadowview is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Meadowview, VA

How much do homes in Meadowview, VA cost?

Median Sold Price

$207,500

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$12,500(-5.7%)

Key Takeaway

Homes in Meadowview have sold for 5.7% less than they did a year ago.

Summary: The median home sold price in Meadowview was $207,500 in February 2024, down 5.7% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $223.5K$185K
-17.2%
3 $211K$207.5K
-1.7%
4 $461K$231.9K
-49.7%
5+ -$341.5K
N/A

Summary: Meadowview housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.2%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 49.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Harrison
+6.0%
Meadowview
-5.7%

Housing Supply in Meadowview, VA

How many homes are available in Meadowview, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
52-60.0%

Summary: The Meadowview real estate market had 2 homes for sale in February 2024, a 60.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 32
-33.3%
4 00
0.0%
5+ 10
-100.0%

Summary: The Meadowview housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Meadowview, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Meadowview in February 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Meadowview, VA

How long does it take to sell a home in Meadowview, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
31 Days48 Days+54.8%

Summary: Homes in Meadowview had an average of 48 days on market in Feb 2024, up by 54.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Meadowview has remained consistent over time.

Summary: During February 2024, 1 homes were sold in Meadowview; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Meadowview, VA

Nearby Markets to Meadowview, VA

What housing markets are near Meadowview, VA?