Is Gordonsville, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Gordonsville has remained a Seller's Market.
Key Takeaway
Gordonsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gordonsville, VA
How much do homes in Gordonsville, VA cost?
Median Sold Price
$425,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Gordonsville have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Gordonsville was $425,000 in May 2024, down 5.2% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $163.5K | $240K | +46.8% |
| 3 Bedrooms | $410.4K | $385K | -6.2% |
| 4 Bedrooms | $510K | $540K | +5.9% |
| 5+ Bedrooms | $490K | $660K | +34.7% |
Summary: Gordonsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.8%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 34.7%.
Median Sold Price Compared To Nearby Cities
| Green Spring | $440K | $459.8K | +4.5% |
| Gordonsville | $448.5K | $425K | -5.2% |
Housing Supply in Gordonsville, VA
How many homes are available in Gordonsville, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 75 | 70 | -6.7% |
Summary: The Gordonsville real estate market had 70 homes for sale in May 2024, a 6.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 51 | 44 | -13.7% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Gordonsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 13.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gordonsville, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Gordonsville in May 2024, up by 7.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 40% were sold at asking, and 27% were sold over asking.
Days on Market for Gordonsville, VA
How long does it take to sell a home in Gordonsville, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 74 Days | 33 Days | -54.9% |
Summary: Homes in Gordonsville had an average of 33 days on market in May 2024, down by 54.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gordonsville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Gordonsville; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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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.