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 August 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

$460,500

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$25,233(+5.8%)

Key Takeaway

Homes in Tuckahoe have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Tuckahoe was $460,500 in August 2024, up 5.8% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $160K$166.5K
+4.1%
2 $257.5K$274K
+6.4%
3 $370K$375K
+1.4%
4 $530K$540K
+1.9%
5+ $850K$895K
+5.3%

Summary: Tuckahoe housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 5.3%.

Median Sold Price Compared To Nearby Cities

Three Chopt
+12.6%
Richmond
+9.4%
Richmond
+9.0%
Midlothian
+6.6%
Tuckahoe
+5.8%

Housing Supply in Tuckahoe, VA

How many homes are available in Tuckahoe, VA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
168152-9.5%

Summary: The Tuckahoe real estate market had 152 homes for sale in August 2024, a 9.5% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 1611
-31.3%
3 5750
-12.3%
4 6567
+3.1%
5+ 3024
-20.0%

Summary: The Tuckahoe housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 31.3%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
6058-3.3%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

27 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. 46.6% of homes here sold above asking price last month.

Summary: A total of 58 homes were sold or pending in Tuckahoe in August 2024, down by 3.3% month-over-month. Of the 58 sold homes, 28% were sold under asking, 26% were sold at asking, and 47% 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

Aug 2023Aug 2024CHANGE
11 Days11 Days-1.6%

Summary: Homes in Tuckahoe had an average of 11 days on market in Aug 2024, down by 1.6% compared to last year.

Breakdown of Home Sale Times

51 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 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 August 2024, 58 homes were sold in Tuckahoe; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% 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 7 Days Ago

Newest Listings in Tuckahoe, VA

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