Is Reedy Church, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Reedy Church has remained a Seller's Market.
Housing Prices in Reedy Church, VA
How much do homes in Reedy Church, VA cost?
Median Sold Price
$290,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Reedy Church was $290,000 in April 2024, up 7.4% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $219K | $151.2K | -30.9% |
3 Bedrooms | $270K | $285K | +5.6% |
4 Bedrooms | $335K | $365.4K | +9.1% |
5+ Bedrooms | - | - | N/A |
Summary: Reedy Church housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 30.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Reedy Church | $270K | $290K | +7.4% |
Mattaponi | $334.9K | $352.5K | +5.3% |
Beaverdam | $530K | $556K | +4.9% |
Ruther Glen | $325K | $326.3K | 0.4% |
Housing Supply in Reedy Church, VA
How many homes are available in Reedy Church, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 21 | -22.2% |
Summary: The Reedy Church real estate market had 21 homes for sale in April 2024, a 22.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 23 | 19 | -17.4% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Reedy Church housing inventory by bedroom type for April 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 decreased by 17.4%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Reedy Church in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 13% were sold under asking, 63% were sold at asking, and 25% were sold over asking.
Days on Market for Reedy Church, VA
How long does it take to sell a home in Reedy Church, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 8 Days | -66.6% |
Summary: Homes in Reedy Church had an average of 8 days on market in Apr 2024, down by 66.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Reedy Church; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.