Is Shipman, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shipman is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Shipman has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Shipman, VA

How much do homes in Shipman, VA cost?

Median Sold Price

$165,000

$257/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$123,000(+292.9%)

Key Takeaway

Homes in Shipman have sold for 292.9% more than they did a month ago.

Summary: The median home sold price in Shipman was $165,000 in September 2024, up 292.9% from last month, and the median price per square foot was $257.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 -$165K
N/A
2 --
N/A
3 $42K-
N/A
4 --
N/A
5+ --
N/A

Summary: Shipman housing prices by bedroom type for September 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Shipman, VA

How many homes are available in Shipman, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
330.0%

Summary: The Shipman real estate market had 3 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 01
+100.0%
3 21
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Shipman 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 increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shipman, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Shipman in September 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Shipman, VA

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

Average Sale Time

Aug 2024Sep 2024CHANGE
51 Days2 Days-96.1%

Summary: Homes in Shipman had an average of 2 days on market in Sep 2024, down by 96.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 1 homes were sold in Shipman; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 10 Days Ago

Newest Listings in Shipman, VA

Nearby Markets to Shipman, VA

What housing markets are near Shipman, VA?