Is Center, 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, Center has remained a Seller's Market.
Key Takeaway
Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Center, VA
How much do homes in Center, VA cost?
Median Sold Price
$330,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Center have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Center was $330,000 in April 2024, up 7.9% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $189K | -5.5% |
| 3 Bedrooms | $278.9K | $285K | +2.2% |
| 4 Bedrooms | $415K | $466.5K | +12.4% |
| 5+ Bedrooms | $460K | $490K | +6.5% |
Summary: Center 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 decreased by 5.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in Center, VA
How many homes are available in Center, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 59 | +55.3% |
Summary: The Center real estate market had 59 homes for sale in April 2024, a 55.3% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 21 | 33 | +57.1% |
| 4 Bedrooms | 11 | 17 | +54.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Center 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 100%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 19 | +72.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Center, expect to pay close to the asking price. 36.8% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in Center in April 2024, up by 72.7% month-over-month. Of the 19 sold homes, 32% were sold under asking, 37% were sold at asking, and 32% were sold over asking.
Days on Market for Center, VA
How long does it take to sell a home in Center, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 101 Days | 24 Days | -76.3% |
Summary: Homes in Center had an average of 24 days on market in Apr 2024, down by 76.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Center are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Center; 53% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% 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.