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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Urbanna is a buyer's market

Buyer's
Market

Difference Since March 2023

Since last year, Urbanna has remained a Buyer's Market.

Key Takeaway

Urbanna is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Urbanna, VA

How much do homes in Urbanna, VA cost?

Median Sold Price

$274,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$97,900(-26.3%)

Key Takeaway

Homes in Urbanna have sold for 26.3% less than they did a year ago.

Summary: The median home sold price in Urbanna was $274,000 in March 2024, down 26.3% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $205.1K$250K
+21.9%
3 $321.7K$267K
-17.0%
4 $517.5K$499.9K
-3.4%
5+ $812.2K$1.7M
+109.3%

Summary: Urbanna 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 increased by 21.9%, 3 bedroom homes decreased by 17%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 109.3%.

Median Sold Price Compared To Nearby Cities

Saluda
-8.5%
Urbanna
-26.3%

Housing Supply in Urbanna, VA

How many homes are available in Urbanna, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1415+7.1%

Summary: The Urbanna real estate market had 15 homes for sale in March 2024, a 7.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 55
0.0%
3 34
+33.3%
4 44
0.0%
5+ 22
0.0%

Summary: The Urbanna 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Urbanna, 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 Urbanna in March 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 Urbanna, VA

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

Average Sale Time

Mar 2023Mar 2024CHANGE
11 Days64 Days+481.8%

Summary: Homes in Urbanna had an average of 64 days on market in Mar 2024, up by 481.8% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 2 homes were sold in Urbanna; 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.

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

Report Updated 18 Days Ago

Newest Listings in Urbanna, VA

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