Is Old Trail, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Old Trail has remained a Seller's Market.
Key Takeaway
Old Trail is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old Trail, VA
How much do homes in Old Trail, VA cost?
Median Sold Price
$614,463
$235/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Old Trail have sold for 21.5% less than they did a month ago.
Summary: The median home sold price in Old Trail was $614,463 in April 2024, down 21.5% from last month, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $550K | N/A |
| 4 Bedrooms | $746.9K | $1.1M | +47.3% |
| 5+ Bedrooms | $1.0M | $710K | -29.7% |
Summary: Old Trail housing prices by bedroom type for April 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 did not change, 4 bedroom homes increased by 47.3%, and 5+ bedroom homes decreased by 29.7%.
Housing Supply in Old Trail, VA
How many homes are available in Old Trail, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The Old Trail real estate market had 28 homes for sale in April 2024, a 6.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 16 | +60.0% |
| 4 Bedrooms | 14 | 8 | -42.9% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Old Trail housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Trail, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Old Trail in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Old Trail, VA
How long does it take to sell a home in Old Trail, VA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 28 Days | +300.0% |
Summary: Homes in Old Trail had an average of 28 days on market in Apr 2024, up by 300% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Old Trail are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Old Trail; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
