Is Rives, 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, Rives has remained a Seller's Market.
Housing Prices in Rives, VA
How much do homes in Rives, VA cost?
Median Sold Price
$295,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rives was $295,000 in April 2024, up 5.2% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $169K | - | N/A |
3 Bedrooms | $260K | $266.5K | +2.5% |
4 Bedrooms | $307.4K | $354K | +15.1% |
5+ Bedrooms | $446K | $536.5K | +20.3% |
Summary: Rives 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 did not change, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 20.3%.
Median Sold Price Compared To Nearby Cities
Petersburg | $175K | $199.9K | +14.3% |
Rives | $280.5K | $295K | +5.2% |
Prince George | $309.9K | $325K | +4.9% |
Templeton | $360K | $349.9K | -2.8% |
Housing Supply in Rives, VA
How many homes are available in Rives, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 31 | +55.0% |
Summary: The Rives real estate market had 31 homes for sale in April 2024, a 55.0% increase 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 | 0 | 0 | 0.0% |
3 Bedrooms | 13 | 19 | +46.2% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Rives 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 remained the same, 3 bedroom homes increased by 46.2%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 6 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Rives in April 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Rives, VA
How long does it take to sell a home in Rives, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 9 Days | -54.2% |
Summary: Homes in Rives had an average of 9 days on market in Apr 2024, down by 54.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Rives; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.