Is Fork Union, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Fork Union has remained a Seller's Market.
Housing Prices in Fork Union, VA
How much do homes in Fork Union, VA cost?
Median Sold Price
$371,945
$154/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Fork Union was $371,945 in April 2024, down 33.9% from last month, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $379.7K | $379.7K | 0.0% |
4 Bedrooms | $547.5K | $344.5K | -37.1% |
5+ Bedrooms | $745K | $485K | -34.9% |
Summary: Fork Union housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 37.1%, and 5+ bedroom homes decreased by 34.9%.
Median Sold Price Compared To Nearby Cities
Cunningham | $312.4K | $475K | +52.0% |
Columbia | $325K | $350K | +7.7% |
Fork Union | $562.3K | $371.9K | -33.9% |
Housing Supply in Fork Union, VA
How many homes are available in Fork Union, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 20 | -4.8% |
Summary: The Fork Union real estate market had 20 homes for sale in April 2024, a 4.8% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Fork Union 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Fork Union in April 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Fork Union, VA
How long does it take to sell a home in Fork Union, VA?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
118 Days | 17 Days | -85.3% |
Summary: Homes in Fork Union had an average of 17 days on market in Apr 2024, down by 85.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Fork Union; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.