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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Petsworth is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Petsworth was a Buyer's Market.

Key Takeaway

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

Housing Prices in Petsworth, VA

How much do homes in Petsworth, VA cost?

Median Sold Price

$344,995

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$13,995(+4.2%)

Key Takeaway

Homes in Petsworth have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Petsworth was $344,995 in September 2024, up 4.2% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $215K-
N/A
2 $244K$219K
-10.2%
3 $315K$344.9K
+9.5%
4 $450K$365K
-18.9%
5+ $605K$1.0M
+77.7%

Summary: Petsworth housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.2%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes increased by 77.7%.

Median Sold Price Compared To Nearby Cities

Petsworth
+4.2%
Gloucester
+2.7%
Ware
+1.9%
Saluda
0.4%

Housing Supply in Petsworth, VA

How many homes are available in Petsworth, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
6365+3.2%

Summary: The Petsworth real estate market had 65 homes for sale in September 2024, a 3.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 3539
+11.4%
4 1919
0.0%
5+ 33
0.0%

Summary: The Petsworth housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Petsworth, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Petsworth in September 2024, up by 10.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Petsworth, VA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
22 Days36 Days+58.7%

Summary: Homes in Petsworth had an average of 36 days on market in Sep 2024, up by 58.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were 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 Petsworth has remained consistent over time.

Summary: During September 2024, 11 homes were sold in Petsworth; 45% of homes were sold within 30 days, 55% 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 30 Days Ago

Newest Listings in Petsworth, VA

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What housing markets are near Petsworth, VA?