$8,431 Closing Credit*
$709,950
3,117 SqFt
4 Beds
•3 Full Baths
Tommy Sibiga, Listing Office: Hometown Realty
Is South Anna, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, South Anna has remained a Seller's Market.
Key Takeaway
South Anna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Anna, VA
How much do homes in South Anna, VA cost?
Median Sold Price
$524,045
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$68,715(+15.1%)
Key Takeaway
Homes in South Anna have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in South Anna was $524,045 in August 2024, up 15.1% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.9K | $265K | +10.4% |
| 2 Bedrooms | $256K | $414.7K | +62.0% |
| 3 Bedrooms | $390K | $477.5K | +22.4% |
| 4 Bedrooms | $582.4K | $649.9K | +11.6% |
| 5+ Bedrooms | $850K | $825K | -2.9% |
Summary: South Anna housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 62%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
| South Anna | $455.3K | $524K | +15.1% |
| Three Chopt | $464.9K | $523.6K | +12.6% |
| Brookland | $350K | $380K | +8.6% |
| Glen Allen | $465K | $503.1K | +8.2% |
| Beaverdam | $540K | $554.6K | +2.7% |
Housing Supply in South Anna, VA
How many homes are available in South Anna, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 104 | 107 | +2.9% |
Summary: The South Anna real estate market had 107 homes for sale in August 2024, a 2.9% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 20 | 24 | +20.0% |
| 3 Bedrooms | 36 | 33 | -8.3% |
| 4 Bedrooms | 30 | 34 | +13.3% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The South Anna housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Anna, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in South Anna in August 2024, down by 4.8% month-over-month. Of the 20 sold homes, 45% were sold under asking, 20% were sold at asking, and 35% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 27 Days | 21 Days | -20.7% |
Summary: Homes in South Anna had an average of 21 days on market in Aug 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Anna are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 20 homes were sold in South Anna; 65% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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