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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Partlow is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Partlow was a Seller's Market.

Key Takeaway

Partlow is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Partlow, VA

How much do homes in Partlow, VA cost?

Median Sold Price

$415,250

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$59,750(-12.6%)

Key Takeaway

Homes in Partlow have sold for 12.6% less than they did a year ago.

Summary: The median home sold price in Partlow was $415,250 in May 2024, down 12.6% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 -$225K
N/A
3 $503.9K$385K
-23.6%
4 $475K$499.9K
+5.2%
5+ $447.5K$470K
+5.0%

Summary: Partlow housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 23.6%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Cities

Livingston
+17.7%
Spotsylvania
+8.3%
Bumpass
+6.0%
Berkeley
+2.0%
Partlow
-12.6%

Housing Supply in Partlow, VA

How many homes are available in Partlow, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1316+23.1%

Summary: The Partlow real estate market had 16 homes for sale in May 2024, a 23.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 26
+200.0%
4 78
+14.3%
5+ 22
0.0%

Summary: The Partlow housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Partlow, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Partlow in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Partlow, VA

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

Average Sale Time

May 2023May 2024CHANGE
32 Days72 Days+120.7%

Summary: Homes in Partlow had an average of 72 days on market in May 2024, up by 120.7% 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 Partlow has remained consistent over time.

Summary: During May 2024, 1 homes were sold in Partlow; 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 17 Days Ago

Newest Listings in Partlow, VA

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