Is Bedford, 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, Bedford has remained a Seller's Market.
Housing Prices in Bedford, VA
How much do homes in Bedford, VA cost?
Median Sold Price
$269,100
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bedford was $269,100 in April 2024, up 14.5% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $259.9K | $379.9K | +46.2% |
2 Bedrooms | $143.5K | $225K | +56.8% |
3 Bedrooms | $220K | $260K | +18.2% |
4 Bedrooms | $266.9K | $442.5K | +65.8% |
5+ Bedrooms | $335K | $531K | +58.5% |
Summary: Bedford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.2%, 2 bedroom homes increased by 56.8%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 65.8%, and 5+ bedroom homes increased by 58.5%.
Median Sold Price Compared To Nearby Cities
Bedford | $235K | $269.1K | +14.5% |
Center | $305.9K | $330K | +7.9% |
Housing Supply in Bedford, VA
How many homes are available in Bedford, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 114 | +32.6% |
Summary: The Bedford real estate market had 114 homes for sale in April 2024, a 32.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 16 | 17 | +6.3% |
3 Bedrooms | 35 | 45 | +28.6% |
4 Bedrooms | 24 | 37 | +54.2% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Bedford 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 6.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 54.2%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 27 | -10.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Bedford in April 2024, down by 10.0% month-over-month. Of the 27 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Bedford, VA
How long does it take to sell a home in Bedford, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 29 Days | +116.0% |
Summary: Homes in Bedford had an average of 29 days on market in Apr 2024, up by 116% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Bedford; 44% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.