Is Manakin Sabot, 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, Manakin Sabot has remained a Seller's Market.
Key Takeaway
Manakin Sabot is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manakin Sabot, VA
How much do homes in Manakin Sabot, VA cost?
Median Sold Price
$785,514
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Manakin Sabot have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Manakin Sabot was $785,514 in April 2024, up 10.7% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $526.6K | $450K | -14.6% |
| 3 Bedrooms | $565K | $649.9K | +15.0% |
| 4 Bedrooms | $839.4K | $812.4K | -3.2% |
| 5+ Bedrooms | $868K | $1.2M | +48.5% |
Summary: Manakin Sabot 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 decreased by 14.6%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 48.5%.
Median Sold Price Compared To Nearby Cities
| Rockville | $512.5K | $638.2K | +24.5% |
| South Anna | $440K | $503.8K | +14.5% |
| Manakin Sabot | $709.7K | $785.5K | +10.7% |
Housing Supply in Manakin Sabot, VA
How many homes are available in Manakin Sabot, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Summary: The Manakin Sabot real estate market had 31 homes for sale in April 2024, the same as 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 | 10 | -9.1% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Manakin Sabot 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 decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manakin Sabot, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Manakin Sabot in April 2024, the same as the previous month. Of the 9 sold homes, 11% were sold under asking, 22% were sold at asking, and 67% were sold over asking.
Days on Market for Manakin Sabot, VA
How long does it take to sell a home in Manakin Sabot, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 34 Days | -34.9% |
Summary: Homes in Manakin Sabot had an average of 34 days on market in Apr 2024, down by 34.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Manakin Sabot are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Manakin Sabot; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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