Is Plains, 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, Plains has remained a Buyer's Market.
Key Takeaway
Plains is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Plains, VA
How much do homes in Plains, VA cost?
Median Sold Price
$360,870
$206/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Plains have sold for 8.4% more than they did a month ago.
Summary: The median home sold price in Plains was $360,870 in March 2024, up 8.4% from last month, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $75K | - | N/A |
| 3 Bedrooms | $1.4M | $325.3K | -77.9% |
| 4 Bedrooms | $333K | $370.7K | +11.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Plains housing prices by bedroom type for March 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 decreased by 77.9%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes did not change.
Housing Supply in Plains, VA
How many homes are available in Plains, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 32 | +14.3% |
Summary: The Plains real estate market had 32 homes for sale in March 2024, a 14.3% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Plains 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plains, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Plains in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Plains, VA
How long does it take to sell a home in Plains, VA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 108 Days | 83 Days | -22.9% |
Summary: Homes in Plains had an average of 83 days on market in Mar 2024, down by 22.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Plains are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 4 homes were sold in Plains; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
