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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Yorktown is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Yorktown was a Buyer's Market.

Key Takeaway

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

Housing Prices in Yorktown, VA

How much do homes in Yorktown, VA cost?

Median Sold Price

$405,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$66,999(-14.2%)

Key Takeaway

Homes in Yorktown have sold for 14.2% less than they did a year ago.

Summary: The median home sold price in Yorktown was $405,000 in September 2024, down 14.2% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $261K$277.3K
+6.3%
3 $339.7K$330K
-2.9%
4 $590K$512.5K
-13.1%
5+ $670K$615K
-8.2%

Summary: Yorktown housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 8.2%.

Median Sold Price Compared To Nearby Cities

Gloucester Point
+7.7%
Yorktown
-14.2%

Housing Supply in Yorktown, VA

How many homes are available in Yorktown, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
207204-1.4%

Summary: The Yorktown real estate market had 204 homes for sale in September 2024, a 1.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1014
+40.0%
3 7373
0.0%
4 8778
-10.3%
5+ 3739
+5.4%

Summary: The Yorktown housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 5.4%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4739-17.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Yorktown, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 39 homes were sold or pending in Yorktown in September 2024, down by 17.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for Yorktown, VA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
15 Days26 Days+79.8%

Summary: Homes in Yorktown had an average of 26 days on market in Sep 2024, up by 79.8% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 39 homes were sold in Yorktown; 62% of homes were sold within 30 days, 38% 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 12 Days Ago

Newest Listings in Yorktown, VA

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