Is Piankatank, 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, Piankatank was a Seller's Market.
Housing Prices in Piankatank, VA
How much do homes in Piankatank, VA cost?
Median Sold Price
$312,500
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Piankatank was $312,500 in March 2024, down 6.7% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $596.5K | N/A |
2 Bedrooms | $279.9K | $304K | +8.6% |
3 Bedrooms | $335K | $281K | -16.1% |
4 Bedrooms | $538K | $492.5K | -8.5% |
5+ Bedrooms | - | - | N/A |
Summary: Piankatank housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 16.1%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Cobbs Creek | $324.5K | $350.9K | +8.2% |
Westville | $472.5K | $450K | -4.8% |
Piankatank | $335K | $312.5K | -6.7% |
Housing Supply in Piankatank, VA
How many homes are available in Piankatank, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 28 | +7.7% |
Summary: The Piankatank real estate market had 28 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 4 | +100.0% |
3 Bedrooms | 20 | 16 | -20.0% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Piankatank 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 increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Piankatank in March 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Piankatank, VA
How long does it take to sell a home in Piankatank, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
8 Days | 28 Days | +225.7% |
Summary: Homes in Piankatank had an average of 28 days on market in Mar 2024, up by 225.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Piankatank; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.