Is Petsworth, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Petsworth has remained a Buyer's Market.
Key Takeaway
Petsworth is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Petsworth, VA
How much do homes in Petsworth, VA cost?
Median Sold Price
$331,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Petsworth have sold for 16.1% more than they did a year ago.
Summary: The median home sold price in Petsworth was $331,000 in March 2024, up 16.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203.7K | $236.5K | +16.1% |
| 2 Bedrooms | $274.7K | $255K | -7.2% |
| 3 Bedrooms | $272.5K | $331K | +21.5% |
| 4 Bedrooms | $450K | $454.5K | +1.0% |
| 5+ Bedrooms | $643K | $605K | -5.9% |
Summary: Petsworth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Petsworth | $285K | $331K | +16.1% |
| Gloucester | $322.4K | $345K | +7.0% |
| Ware | $327K | $342.5K | +4.7% |
| Saluda | $371.4K | $340K | -8.5% |
Housing Supply in Petsworth, VA
How many homes are available in Petsworth, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 77 | +5.5% |
Summary: The Petsworth real estate market had 77 homes for sale in March 2024, a 5.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 19 | 13 | -31.6% |
| 3 Bedrooms | 34 | 38 | +11.8% |
| 4 Bedrooms | 3 | 8 | +166.7% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Petsworth housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 31.6%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Petsworth, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Petsworth in March 2024, down by 27.3% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 46 Days | -14.1% |
Summary: Homes in Petsworth had an average of 46 days on market in Mar 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Petsworth has remained consistent over time.
Summary: During March 2024, 8 homes were sold in Petsworth; 38% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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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