Is Hayes, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hayes is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Hayes was a Seller's Market.

Key Takeaway

Hayes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hayes, VA

How much do homes in Hayes, VA cost?

Median Sold Price

$327,525

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$42,525(+14.9%)

Key Takeaway

Homes in Hayes have sold for 14.9% more than they did a year ago.

Summary: The median home sold price in Hayes was $327,525 in April 2024, up 14.9% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $600K-
N/A
2 $200K$271.2K
+35.6%
3 $275K$333.2K
+21.2%
4 $399.9K$395K
-1.2%
5+ $393.2K$427.5K
+8.7%

Summary: Hayes 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 35.6%, 3 bedroom homes increased by 21.2%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 8.7%.

Median Sold Price Compared To Nearby Cities

Hayes
+14.9%
York
+12.3%
Gloucester Point
+12.1%
Abingdon
+7.6%

Housing Supply in Hayes, VA

How many homes are available in Hayes, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
102107+4.9%

Summary: The Hayes real estate market had 107 homes for sale in April 2024, a 4.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1410
-28.6%
3 4962
+26.5%
4 3228
-12.5%
5+ 77
0.0%

Summary: The Hayes 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 decreased by 28.6%, 3 bedroom homes increased by 26.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2614-46.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hayes, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Hayes in April 2024, down by 46.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for Hayes, VA

How long does it take to sell a home in Hayes, VA?

Average Sale Time

Apr 2023Apr 2024CHANGE
53 Days69 Days+29.4%

Summary: Homes in Hayes had an average of 69 days on market in Apr 2024, up by 29.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Hayes are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 14 homes were sold in Hayes; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Apr 1, 2024

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