Is Happy Creek, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Happy Creek was a Seller's Market.
Key Takeaway
Happy Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Happy Creek, VA
How much do homes in Happy Creek, VA cost?
Median Sold Price
$400,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Happy Creek have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Happy Creek was $400,000 in May 2024, up 16.3% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $280K | +1.8% |
| 3 Bedrooms | $349.2K | $400K | +14.5% |
| 4 Bedrooms | $375K | $425K | +13.3% |
| 5+ Bedrooms | $500K | $390K | -22.0% |
Summary: Happy Creek 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 1.8%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 22%.
Median Sold Price Compared To Nearby Cities
| Front Royal | $319.9K | $372.8K | +16.5% |
| Happy Creek | $344K | $400K | +16.3% |
| Linden | $348K | $400K | +14.9% |
| Shenandoah | $328K | $351.5K | +7.2% |
Housing Supply in Happy Creek, VA
How many homes are available in Happy Creek, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 66 | +24.5% |
Summary: The Happy Creek real estate market had 66 homes for sale in May 2024, a 24.5% increase 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 33 | 42 | +27.3% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Happy Creek 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 remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Happy Creek, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Happy Creek in May 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Happy Creek, VA
How long does it take to sell a home in Happy Creek, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 23 Days | +116.6% |
Summary: Homes in Happy Creek had an average of 23 days on market in May 2024, up by 116.6% compared to last year.
Breakdown of Home Sale Times
5 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 Happy Creek are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Happy Creek; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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.