Is Scott, 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, Scott was a Buyer's Market.
Key Takeaway
Scott is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scott, VA
How much do homes in Scott, VA cost?
Median Sold Price
$722,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Scott have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Scott was $722,000 in March 2024, up 1.7% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | - | N/A |
| 2 Bedrooms | $430K | $380K | -11.6% |
| 3 Bedrooms | $452.5K | $572.5K | +26.5% |
| 4 Bedrooms | $730K | $749.5K | +2.7% |
| 5+ Bedrooms | $780K | $925K | +18.6% |
Summary: Scott 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 11.6%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 18.6%.
Housing Supply in Scott, VA
How many homes are available in Scott, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 89 | +21.9% |
Summary: The Scott real estate market had 89 homes for sale in March 2024, a 21.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 22 | +37.5% |
| 4 Bedrooms | 33 | 37 | +12.1% |
| 5+ Bedrooms | 23 | 29 | +26.1% |
Summary: The Scott housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 26.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scott, you could pay more than the asking price. 72.2% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Scott in March 2024, up by 5.9% month-over-month. Of the 18 sold homes, 22% were sold under asking, 6% were sold at asking, and 72% were sold over asking.
Days on Market for Scott, VA
How long does it take to sell a home in Scott, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 2 Days | 54 Days | +1850.4% |
Summary: Homes in Scott had an average of 54 days on market in Mar 2024, up by 1850.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Scott are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in Scott; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.