Is South Anna, 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, South Anna was a Seller's Market.
Key Takeaway
South Anna is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Anna, VA
How much do homes in South Anna, VA cost?
Median Sold Price
$502,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South Anna have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in South Anna was $502,000 in March 2024, up 14.4% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.9K | $246.9K | +2.9% |
| 2 Bedrooms | $298.4K | $346.4K | +16.1% |
| 3 Bedrooms | $379.9K | $425K | +11.8% |
| 4 Bedrooms | $575K | $600K | +4.3% |
| 5+ Bedrooms | $837.4K | $850K | +1.5% |
Summary: South Anna housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
| South Anna | $438.8K | $502K | +14.4% |
| Brookland | $340K | $370K | +8.8% |
| Beaverdam | $530K | $570K | +7.5% |
| Three Chopt | $470.7K | $500.2K | +6.3% |
| Glen Allen | $460K | $477.9K | +3.9% |
Housing Supply in South Anna, VA
How many homes are available in South Anna, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 72 | -1.4% |
Summary: The South Anna real estate market had 72 homes for sale in March 2024, a 1.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 27 | 24 | -11.1% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The South Anna housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Anna, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in South Anna in March 2024, down by 50.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for South Anna, VA
How long does it take to sell a home in South Anna, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 30 Days | -26.9% |
Summary: Homes in South Anna had an average of 30 days on market in Mar 2024, down by 26.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Anna are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in South Anna; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved