Is Russell, 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, Russell has remained a Seller's Market.
Housing Prices in Russell, VA
How much do homes in Russell, VA cost?
Median Sold Price
$610,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Russell was $610,000 in April 2024, down 12.8% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $480K | N/A |
3 Bedrooms | $1.1M | $575K | -51.8% |
4 Bedrooms | $675K | $600K | -11.1% |
5+ Bedrooms | $679.9K | $661.3K | -2.7% |
Summary: Russell 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 decreased by 51.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
Stephenson | $406.5K | $465K | +14.4% |
Red Bud | $350K | $385K | +10.0% |
Stonewall | $371.7K | $401K | +7.9% |
Berryville | $532.4K | $497.2K | -6.6% |
Russell | $699.9K | $610K | -12.8% |
Housing Supply in Russell, VA
How many homes are available in Russell, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 15 | +66.7% |
Summary: The Russell real estate market had 15 homes for sale in April 2024, a 66.7% 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 | 2 | +100.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Russell 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 increased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Russell in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Russell, VA
How long does it take to sell a home in Russell, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 18 Days | -51.8% |
Summary: Homes in Russell had an average of 18 days on market in Apr 2024, down by 51.8% compared to last year.
Breakdown of Home Sale Times
2 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, 3 homes were sold in Russell; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.