Is Tuckahoe, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tuckahoe is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Tuckahoe has remained a Seller's Market.

Key Takeaway

Tuckahoe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Tuckahoe, VA

How much do homes in Tuckahoe, VA cost?

Median Sold Price

$460,000

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$36,110(+8.5%)

Key Takeaway

Homes in Tuckahoe have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Tuckahoe was $460,000 in February 2024, up 8.5% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $155K$165K
+6.5%
2 $251.5K$279.5K
+11.1%
3 $359K$375K
+4.5%
4 $498.5K$550K
+10.3%
5+ $868K$800.5K
-7.8%

Summary: Tuckahoe housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 7.8%.

Median Sold Price Compared To Nearby Cities

Tuckahoe
+8.5%
Richmond
+7.6%
Richmond
+6.5%
Midlothian
+5.1%
Three Chopt
+4.4%

Housing Supply in Tuckahoe, VA

How many homes are available in Tuckahoe, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
107137+28.0%

Summary: The Tuckahoe real estate market had 137 homes for sale in February 2024, a 28.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 31
-66.7%
2 1316
+23.1%
3 4052
+30.0%
4 3444
+29.4%
5+ 1724
+41.2%

Summary: The Tuckahoe housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 41.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2242+90.9%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tuckahoe, you could pay more than the asking price. 38.1% of homes here sold above asking price last month.

Summary: A total of 42 homes were sold or pending in Tuckahoe in February 2024, up by 90.9% month-over-month. Of the 42 sold homes, 36% were sold under asking, 26% were sold at asking, and 38% were sold over asking.

Days on Market for Tuckahoe, VA

How long does it take to sell a home in Tuckahoe, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
10 Days18 Days+71.7%

Summary: Homes in Tuckahoe had an average of 18 days on market in Feb 2024, up by 71.7% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tuckahoe are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 42 homes were sold in Tuckahoe; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Tuckahoe, VA

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