Is Saluda, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Saluda was a Neutral Market.
Key Takeaway
Saluda is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saluda, VA
How much do homes in Saluda, VA cost?
Median Sold Price
$340,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Saluda have sold for 8.5% less than they did a year ago.
Summary: The median home sold price in Saluda was $340,000 in March 2024, down 8.5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $272.5K | -13.5% |
| 3 Bedrooms | $347K | $340K | -2.0% |
| 4 Bedrooms | $517.5K | $425K | -17.9% |
| 5+ Bedrooms | $1.1M | $600K | -47.8% |
Summary: Saluda housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.5%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes decreased by 47.8%.
Median Sold Price Compared To Nearby Cities
| Pine Top | $371.7K | $395K | +6.3% |
| Saluda | $371.4K | $340K | -8.5% |
| Urbanna | $371.9K | $274K | -26.3% |
Housing Supply in Saluda, VA
How many homes are available in Saluda, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Summary: The Saluda real estate market had 40 homes for sale in March 2024, a 8.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Saluda housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
5 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 Saluda, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Saluda in March 2024, up by 16.7% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Saluda, VA
How long does it take to sell a home in Saluda, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 79 Days | 112 Days | +40.3% |
Summary: Homes in Saluda had an average of 112 days on market in Mar 2024, up by 40.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Saluda are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 7 homes were sold in Saluda; 14% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 86% of homes were sold over 90 days.
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