Is Roberts, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Roberts is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Roberts has remained a Seller's Market.

Key Takeaway

Roberts is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Roberts, VA

How much do homes in Roberts, VA cost?

Median Sold Price

$920,000

$265/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$90,052(-8.9%)

Key Takeaway

Homes in Roberts have sold for 8.9% less than they did a month ago.

Summary: The median home sold price in Roberts was $920,000 in September 2024, down 8.9% from last month, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $615.1K$485.4K
-21.1%
4 -$1.6M
N/A
5+ $1.4M$1.0M
-23.3%

Summary: Roberts housing prices by bedroom type for September 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 21.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 23.3%.

Median Sold Price Compared To Nearby Cities

Newport News
-8.1%
Roberts
-8.9%

Housing Supply in Roberts, VA

How many homes are available in Roberts, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8689+3.5%

Summary: The Roberts real estate market had 89 homes for sale in September 2024, a 3.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 3739
+5.4%
4 2833
+17.9%
5+ 1610
-37.5%

Summary: The Roberts housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 37.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1521+40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Roberts, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Roberts in September 2024, up by 40.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Roberts, VA

How long does it take to sell a home in Roberts, VA?

Average Sale Time

Aug 2024Sep 2024CHANGE
36 Days38 Days+5.5%

Summary: Homes in Roberts had an average of 38 days on market in Sep 2024, up by 5.5% compared to last month.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Roberts are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 21 homes were sold in Roberts; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

Newest Listings in Roberts, VA

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