Is Snow Creek, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Snow Creek is a buyer's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Snow Creek was a Neutral Market.

Key Takeaway

Snow Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Snow Creek, VA

How much do homes in Snow Creek, VA cost?

Median Sold Price

$229,500

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$5,500(-2.3%)

Key Takeaway

Homes in Snow Creek have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in Snow Creek was $229,500 in January 2024, down 2.3% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 --
N/A
2 $135K$175K
+29.6%
3 $215K$230K
+7.0%
4 $373.5K$309K
-17.3%
5+ $402.4K$369.4K
-8.2%

Summary: Snow Creek housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.6%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 17.3%, and 5+ bedroom homes decreased by 8.2%.

Median Sold Price Compared To Nearby Cities

Union Hall
+35.2%
Snow Creek
-2.3%

Housing Supply in Snow Creek, VA

How many homes are available in Snow Creek, VA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
911+22.2%

Summary: The Snow Creek real estate market had 11 homes for sale in January 2024, a 22.2% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 47
+75.0%
4 43
-25.0%
5+ 01
+100.0%

Summary: The Snow Creek housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 75%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Snow Creek, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Snow Creek in January 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Snow Creek, VA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Snow Creek, VA

Nearby Markets to Snow Creek, VA

What housing markets are near Snow Creek, VA?