Is Tappahannock, 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, Tappahannock was a Seller's Market.
Housing Prices in Tappahannock, VA
How much do homes in Tappahannock, VA cost?
Median Sold Price
$288,750
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tappahannock was $288,750 in March 2024, up 13.3% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $291K | $132.9K | -54.3% |
2 Bedrooms | $175K | $158.8K | -9.3% |
3 Bedrooms | $252K | $282.5K | +12.1% |
4 Bedrooms | $379K | $400K | +5.5% |
5+ Bedrooms | $600K | $194.5K | -67.6% |
Summary: Tappahannock housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.3%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 67.6%.
Median Sold Price Compared To Nearby Cities
Central | $253.4K | $310K | +22.3% |
Tappahannock | $254.9K | $288.7K | +13.3% |
Housing Supply in Tappahannock, VA
How many homes are available in Tappahannock, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 46 | +17.9% |
Summary: The Tappahannock real estate market had 46 homes for sale in March 2024, a 17.9% increase 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 | 4 | 7 | +75.0% |
3 Bedrooms | 24 | 28 | +16.7% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Tappahannock 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 75%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 5 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Tappahannock in March 2024, up by 100.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Tappahannock, VA
How long does it take to sell a home in Tappahannock, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 83 Days | +27.7% |
Summary: Homes in Tappahannock had an average of 83 days on market in Mar 2024, up by 27.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Tappahannock; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.