Is Colonial Heights, 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, Colonial Heights has remained a Seller's Market.
Housing Prices in Colonial Heights, VA
How much do homes in Colonial Heights, VA cost?
Median Sold Price
$271,166
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Colonial Heights was $271,166 in April 2024, up 8.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $175K | $195K | +11.4% |
3 Bedrooms | $248K | $260K | +4.8% |
4 Bedrooms | $299.9K | $319.9K | +6.7% |
5+ Bedrooms | $359.9K | $421.5K | +17.1% |
Summary: Colonial Heights 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 11.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Cities
Petersburg | $175K | $199.9K | +14.3% |
Colonial Heights | $250.6K | $271.1K | +8.2% |
Colonial Heights | $245K | $265K | +8.2% |
Bermuda | $340K | $350K | +2.9% |
Chester | $351.1K | $359.9K | +2.5% |
Housing Supply in Colonial Heights, VA
How many homes are available in Colonial Heights, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 92 | -7.1% |
Summary: The Colonial Heights real estate market had 92 homes for sale in April 2024, a 7.1% 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 | 6 | 6 | 0.0% |
3 Bedrooms | 61 | 52 | -14.8% |
4 Bedrooms | 25 | 26 | +4.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Colonial Heights 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 remained the same, 3 bedroom homes decreased by 14.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 32 | +3.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Colonial Heights in April 2024, up by 3.2% month-over-month. Of the 32 sold homes, 44% were sold under asking, 34% were sold at asking, and 22% were sold over asking.
Days on Market for Colonial Heights, VA
How long does it take to sell a home in Colonial Heights, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 20 Days | -11.0% |
Summary: Homes in Colonial Heights had an average of 20 days on market in Apr 2024, down by 11% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in Colonial Heights; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.