Is Sutherland, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sutherland has remained a Seller's Market.
Key Takeaway
Sutherland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sutherland, VA
How much do homes in Sutherland, VA cost?
Median Sold Price
$285,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sutherland have sold for 5% less than they did a year ago.
Summary: The median home sold price in Sutherland was $285,000 in April 2024, down 5% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $285K | $279.5K | -1.9% |
| 4 Bedrooms | $415K | $475K | +14.5% |
| 5+ Bedrooms | $364.5K | $375K | +2.9% |
Summary: Sutherland housing prices by bedroom type for April 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 decreased by 1.9%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Petersburg | $215.3K | $226.2K | +5.1% |
| Dinwiddie | $290K | $300K | +3.4% |
| Matoaca | $437.9K | $450K | +2.8% |
| Sutherland | $300K | $285K | -5.0% |
Housing Supply in Sutherland, VA
How many homes are available in Sutherland, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The Sutherland real estate market had 9 homes for sale in April 2024, a 28.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sutherland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sutherland, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Sutherland in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Sutherland, VA
How long does it take to sell a home in Sutherland, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 5 Days | -58.3% |
Summary: Homes in Sutherland had an average of 5 days on market in Apr 2024, down by 58.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sutherland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Sutherland; 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.
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