Is Rose Hill, 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, Rose Hill has remained a Seller's Market.
Key Takeaway
Rose Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rose Hill, VA
How much do homes in Rose Hill, VA cost?
Median Sold Price
$639,111
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rose Hill have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Rose Hill was $639,111 in April 2024, up 4.6% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $290K | +11.5% |
| 2 Bedrooms | $400K | $415K | +3.8% |
| 3 Bedrooms | $613.5K | $630K | +2.7% |
| 4 Bedrooms | $690K | $700K | +1.4% |
| 5+ Bedrooms | $955K | $893.7K | -6.4% |
Summary: Rose Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Lake d'Evereux | $650K | $706K | +8.6% |
| Rose Hill | $610.7K | $639.1K | +4.6% |
Housing Supply in Rose Hill, VA
How many homes are available in Rose Hill, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 104 | 148 | +42.3% |
Summary: The Rose Hill real estate market had 148 homes for sale in April 2024, a 42.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 12 | 20 | +66.7% |
| 3 Bedrooms | 44 | 64 | +45.5% |
| 4 Bedrooms | 24 | 38 | +58.3% |
| 5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The Rose Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 58.3%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 50 | +8.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rose Hill, you could pay more than the asking price. 76% of homes here sold above asking price last month.
Summary: A total of 50 homes were sold or pending in Rose Hill in April 2024, up by 8.7% month-over-month. Of the 50 sold homes, 6% were sold under asking, 18% were sold at asking, and 76% were sold over asking.
Days on Market for Rose Hill, VA
How long does it take to sell a home in Rose Hill, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 5 Days | -52.3% |
Summary: Homes in Rose Hill had an average of 5 days on market in Apr 2024, down by 52.3% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rose Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 50 homes were sold in Rose Hill; 98% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
