Is Samuel Miller, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Samuel Miller is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Samuel Miller has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Samuel Miller, VA

How much do homes in Samuel Miller, VA cost?

Median Sold Price

$847,568

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$11,068(+1.3%)

Key Takeaway

Homes in Samuel Miller have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Samuel Miller was $847,568 in September 2024, up 1.3% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$751K
N/A
2 $415K$390K
-6.0%
3 $470.1K$537.5K
+14.3%
4 $785K$890K
+13.4%
5+ $1.4M$1.4M
+1.4%

Summary: Samuel Miller housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 1.4%.

Median Sold Price Compared To Nearby Cities

Charlottesville
+7.1%
Charlottesville
+6.9%
Samuel Miller
+1.3%
Jack Jouett
-21.2%

Housing Supply in Samuel Miller, VA

How many homes are available in Samuel Miller, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5345-15.1%

Summary: The Samuel Miller real estate market had 45 homes for sale in September 2024, a 15.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 106
-40.0%
3 1916
-15.8%
4 1310
-23.1%
5+ 1113
+18.2%

Summary: The Samuel Miller 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 decreased by 40%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1711-35.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Samuel Miller, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Samuel Miller in September 2024, down by 35.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% were sold over asking.

Days on Market for Samuel Miller, VA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
46 Days39 Days-15.1%

Summary: Homes in Samuel Miller had an average of 39 days on market in Sep 2024, down by 15.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 11 homes were sold in Samuel Miller; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% 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 30 Days Ago

Newest Listings in Samuel Miller, VA

Nearby Markets to Samuel Miller, VA

What housing markets are near Samuel Miller, VA?