$4,749 Closing Credit*
$399,900
1,632 SqFt
3 Beds
•2 Full Baths
Jonathan C Fleming, Listing Office: Weichert Realtors - Blue Ribbon
Is Russell, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Russell was a Buyer's Market.
Key Takeaway
Russell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Russell, VA
How much do homes in Russell, VA cost?
Median Sold Price
$757,000
$243/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$307,000(+68.2%)
Key Takeaway
Homes in Russell have sold for 68.2% more than they did a month ago.
Summary: The median home sold price in Russell was $757,000 in November 2024, up 68.2% from last month, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $450K | $1.4M | +211.1% |
| 4 Bedrooms | - | $699K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Russell housing prices by bedroom type for November 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 increased by 211.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Russell, VA
How many homes are available in Russell, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Russell real estate market had 9 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Russell housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Russell, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Russell in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 152 Days | +2433.3% |
Summary: Homes in Russell had an average of 152 days on market in Nov 2024, up by 2433.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Russell are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Russell; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
