$125,000
3.37 Acres
Land
Michael Skinner, Listing Office: Long & Foster Real Estate, Inc.
Is Mineral, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Mineral was a Seller's Market.
Key Takeaway
Mineral 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 Mineral, VA
How much do homes in Mineral, VA cost?
Median Sold Price
$459,358
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$48,291(+11.7%)
Key Takeaway
Homes in Mineral have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Mineral was $459,358 in August 2024, up 11.7% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $274.5K | $269K | -2.0% |
| 3 Bedrooms | $367.2K | $399.9K | +8.9% |
| 4 Bedrooms | $512.4K | $589.9K | +15.1% |
| 5+ Bedrooms | $1.2M | $1.3M | +4.8% |
Summary: Mineral housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Cuckoo | $399.9K | $448.8K | +12.2% |
| Mineral | $411K | $459.3K | +11.7% |
Housing Supply in Mineral, VA
How many homes are available in Mineral, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 197 | 219 | +11.2% |
Summary: The Mineral real estate market had 219 homes for sale in August 2024, a 11.2% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 104 | 107 | +2.9% |
| 4 Bedrooms | 59 | 71 | +20.3% |
| 5+ Bedrooms | 20 | 26 | +30.0% |
Summary: The Mineral housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 45 | 36 | -20.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mineral, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Mineral in August 2024, down by 20.0% month-over-month. Of the 36 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% were sold over asking.
Days on Market for Mineral, VA
How long does it take to sell a home in Mineral, VA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 52 Days | 53 Days | +1.9% |
Summary: Homes in Mineral had an average of 53 days on market in Aug 2024, up by 1.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mineral has remained consistent over time.
Summary: During August 2024, 36 homes were sold in Mineral; 42% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 14% 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. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved