Is Wreck Island, 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, Wreck Island has remained a Seller's Market.
Key Takeaway
Wreck Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wreck Island, VA
How much do homes in Wreck Island, VA cost?
Median Sold Price
$312,500
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wreck Island have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Wreck Island was $312,500 in April 2024, up 2.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | - | N/A |
| 2 Bedrooms | $165K | $334.9K | +103.0% |
| 3 Bedrooms | $306K | $299.9K | -2.0% |
| 4 Bedrooms | $392.7K | $349K | -11.1% |
| 5+ Bedrooms | $359.5K | $649.9K | +80.8% |
Summary: Wreck Island 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 increased by 103%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 80.8%.
Median Sold Price Compared To Nearby Cities
| Appomattox | $230K | $284.5K | +23.7% |
| Courthouse | $222.2K | $247.7K | +11.5% |
| Wreck Island | $306K | $312.5K | +2.1% |
| Piney Mountain | $289K | $281.5K | -2.6% |
Housing Supply in Wreck Island, VA
How many homes are available in Wreck Island, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Summary: The Wreck Island real estate market had 10 homes for sale in April 2024, a 100.0% 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 | 1 | +100.0% |
| 3 Bedrooms | 3 | 7 | +133.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wreck Island 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 increased by 100%, 3 bedroom homes increased by 133.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wreck Island, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Wreck Island in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Wreck Island, VA
How long does it take to sell a home in Wreck Island, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 18 Days | -44.2% |
Summary: Homes in Wreck Island had an average of 18 days on market in Apr 2024, down by 44.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wreck Island are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Wreck Island; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved