Is Griffis-Widewater, 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, Griffis-Widewater has remained a Seller's Market.
Key Takeaway
Griffis-Widewater is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Griffis-Widewater, VA
How much do homes in Griffis-Widewater, VA cost?
Median Sold Price
$480,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Griffis-Widewater have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Griffis-Widewater was $480,000 in April 2024, up 3.2% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $310K | +26.5% |
| 3 Bedrooms | $400K | $397.5K | -0.6% |
| 4 Bedrooms | $480K | $505K | +5.2% |
| 5+ Bedrooms | $560K | $553.6K | -1.1% |
Summary: Griffis-Widewater 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 26.5%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Aquia | $453.3K | $485K | +7.0% |
| Stafford | $500K | $519.9K | +4.0% |
| Griffis-Widewater | $465.2K | $480K | +3.2% |
| Rock Hill | $530K | $545K | +2.8% |
| Garrisonville | $493K | $502.5K | +1.9% |
Housing Supply in Griffis-Widewater, VA
How many homes are available in Griffis-Widewater, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 61 | +17.3% |
Summary: The Griffis-Widewater real estate market had 61 homes for sale in April 2024, a 17.3% increase 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 24 | 31 | +29.2% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Griffis-Widewater 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 increased by 25%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 27 | +92.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Griffis-Widewater, you could pay more than the asking price. 70.4% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Griffis-Widewater in April 2024, up by 92.9% month-over-month. Of the 27 sold homes, 0% were sold under asking, 30% were sold at asking, and 70% were sold over asking.
Days on Market for Griffis-Widewater, VA
How long does it take to sell a home in Griffis-Widewater, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 6 Days | -17.6% |
Summary: Homes in Griffis-Widewater had an average of 6 days on market in Apr 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Griffis-Widewater are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in Griffis-Widewater; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
