Is Abingdon, 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, Abingdon has remained a Seller's Market.
Housing Prices in Abingdon, VA
How much do homes in Abingdon, VA cost?
Median Sold Price
$309,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Abingdon was $309,000 in April 2024, up 7.6% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $158K | $190K | +20.3% |
3 Bedrooms | $260K | $279K | +7.3% |
4 Bedrooms | $380.7K | $365K | -4.1% |
5+ Bedrooms | $492K | $689K | +40.0% |
Summary: Abingdon 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 20.3%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 40%.
Housing Supply in Abingdon, VA
How many homes are available in Abingdon, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 55 | -5.2% |
Summary: The Abingdon real estate market had 55 homes for sale in April 2024, a 5.2% decrease 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 | 12 | 9 | -25.0% |
3 Bedrooms | 27 | 29 | +7.4% |
4 Bedrooms | 18 | 16 | -11.1% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Abingdon 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 decreased by 25%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Abingdon in April 2024, the same as the previous month. Of the 14 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% were sold over asking.
Days on Market for Abingdon, VA
How long does it take to sell a home in Abingdon, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
72 Days | 125 Days | +72.5% |
Summary: Homes in Abingdon had an average of 125 days on market in Apr 2024, up by 72.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Abingdon; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.