Is Nelson County, 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, Nelson County was a Buyer's Market.
Housing Prices in Nelson County, VA
How much do homes in Nelson County, VA cost?
Median Sold Price
$490,566
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Nelson County was $490,566 in March 2024, up 24.2% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $179.9K | $145K | -19.4% |
2 Bedrooms | $225K | $260K | +15.6% |
3 Bedrooms | $349.9K | $462.5K | +32.2% |
4 Bedrooms | $515K | $545K | +5.8% |
5+ Bedrooms | $875K | $1.0M | +22.3% |
Summary: Nelson County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.4%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 32.2%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Counties
Nelson County | $395K | $490.5K | +24.2% |
Buckingham County | $245K | $290K | +18.4% |
Amherst County | $225.5K | $243K | +7.8% |
Housing Supply in Nelson County, VA
How many homes are available in Nelson County, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
152 | 150 | -1.3% |
Summary: The Nelson County real estate market had 150 homes for sale in March 2024, a 1.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 27 | 27 | 0.0% |
3 Bedrooms | 56 | 59 | +5.4% |
4 Bedrooms | 36 | 31 | -13.9% |
5+ Bedrooms | 27 | 29 | +7.4% |
Summary: The Nelson County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 23 | +76.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Nelson County in March 2024, up by 76.9% month-over-month. Of the 23 sold homes, 74% were sold under asking, 9% were sold at asking, and 17% were sold over asking.
Days on Market for Nelson County, VA
How long does it take to sell a home in Nelson County, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 55 Days | +0.9% |
Summary: Homes in Nelson County had an average of 55 days on market in Mar 2024, up by 0.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in Nelson County; 52% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.