Is Sumerduck, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Sumerduck has remained a Buyer's Market.
Housing Prices in Sumerduck, VA
How much do homes in Sumerduck, VA cost?
Median Sold Price
$532,450
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sumerduck was $532,450 in March 2024, down 3.2% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $335K | $470K | +40.3% |
4 Bedrooms | $632.1K | $555K | -12.2% |
5+ Bedrooms | - | $770K | N/A |
Summary: Sumerduck housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 40.3%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lee | $415K | $445K | +7.2% |
Sumerduck | $549.9K | $532.4K | -3.2% |
Housing Supply in Sumerduck, VA
How many homes are available in Sumerduck, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 17 | -19.0% |
Summary: The Sumerduck real estate market had 17 homes for sale in March 2024, a 19.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 7 | 5 | -28.6% |
4 Bedrooms | 12 | 9 | -25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Sumerduck housing inventory by bedroom type for March 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 28.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Sumerduck in March 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Sumerduck, VA
How long does it take to sell a home in Sumerduck, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
6 Days | 131 Days | +2083.3% |
Summary: Homes in Sumerduck had an average of 131 days on market in Mar 2024, up by 2083.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Sumerduck; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.