Is Amherst County, 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, Amherst County has remained a Seller's Market.
Key Takeaway
Amherst County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Amherst County, VA
How much do homes in Amherst County, VA cost?
Median Sold Price
$247,250
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Amherst County have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Amherst County was $247,250 in April 2024, up 7.5% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $199.9K | N/A |
| 2 Bedrooms | $150K | $177.7K | +18.5% |
| 3 Bedrooms | $230K | $250K | +8.7% |
| 4 Bedrooms | $285K | $300K | +5.3% |
| 5+ Bedrooms | $495.9K | $298.9K | -39.7% |
Summary: Amherst County 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 18.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 39.7%.
Median Sold Price Compared To Nearby Counties
| Nelson County | $402.5K | $470K | +16.8% |
| Amherst County | $229.9K | $247.2K | +7.5% |
| Appomattox County | $260.9K | $279.9K | +7.3% |
| Campbell County | $263.8K | $270K | +2.3% |
Housing Supply in Amherst County, VA
How many homes are available in Amherst County, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 109 | +75.8% |
Summary: The Amherst County real estate market had 109 homes for sale in April 2024, a 75.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 13 | +225.0% |
| 3 Bedrooms | 36 | 63 | +75.0% |
| 4 Bedrooms | 18 | 26 | +44.4% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Amherst County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 225%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Amherst County, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Amherst County in April 2024, up by 4.3% month-over-month. Of the 24 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% were sold over asking.
Days on Market for Amherst County, VA
How long does it take to sell a home in Amherst County, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 35 Days | +77.3% |
Summary: Homes in Amherst County had an average of 35 days on market in Apr 2024, up by 77.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Amherst County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in Amherst County; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. 
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
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