Is Seminary Hill / Strawberry Hill, 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, Seminary Hill / Strawberry Hill has remained a Seller's Market.
Key Takeaway
Seminary Hill / Strawberry Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seminary Hill / Strawberry Hill, VA
How much do homes in Seminary Hill / Strawberry Hill, VA cost?
Median Sold Price
$590,000
$348/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Seminary Hill / Strawberry Hill have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in Seminary Hill / Strawberry Hill was $590,000 in April 2024, up 15.7% from last year, and the median price per square foot was $348.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221K | $200K | -9.5% |
| 2 Bedrooms | $400K | $440K | +10.0% |
| 3 Bedrooms | $607.5K | $640K | +5.3% |
| 4 Bedrooms | $740K | $852.5K | +15.2% |
| 5+ Bedrooms | $1.0M | $1.2M | +24.5% |
Summary: Seminary Hill / Strawberry Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 24.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Seminary Hill / Strawberry Hill | $510K | $590K | +15.7% |
| Seminary Hill | $1.0M | $1.2M | +13.1% |
Housing Supply in Seminary Hill / Strawberry Hill, VA
How many homes are available in Seminary Hill / Strawberry Hill, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 65 | +35.4% |
Summary: The Seminary Hill / Strawberry Hill real estate market had 65 homes for sale in April 2024, a 35.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 17 | 21 | +23.5% |
| 3 Bedrooms | 11 | 17 | +54.5% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Seminary Hill / Strawberry Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 24 | +84.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seminary Hill / Strawberry Hill, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Seminary Hill / Strawberry Hill in April 2024, up by 84.6% month-over-month. Of the 24 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% were sold over asking.
Days on Market for Seminary Hill / Strawberry Hill, VA
How long does it take to sell a home in Seminary Hill / Strawberry Hill, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 11 Days | +19.6% |
Summary: Homes in Seminary Hill / Strawberry Hill had an average of 11 days on market in Apr 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seminary Hill / Strawberry Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in Seminary Hill / Strawberry Hill; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
