Is Mc Gaheysville, 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, Mc Gaheysville has remained a Seller's Market.
Housing Prices in Mc Gaheysville, VA
How much do homes in Mc Gaheysville, VA cost?
Median Sold Price
$389,900
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mc Gaheysville was $389,900 in April 2024, up 9.8% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $366K | - | N/A |
3 Bedrooms | $330K | $369K | +11.8% |
4 Bedrooms | $417.5K | $460.5K | +10.3% |
5+ Bedrooms | $750K | $527.5K | -29.7% |
Summary: Mc Gaheysville 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 did not change, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 29.7%.
Housing Supply in Mc Gaheysville, VA
How many homes are available in Mc Gaheysville, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Summary: The Mc Gaheysville real estate market had 11 homes for sale in April 2024, a 57.1% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Mc Gaheysville 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 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Mc Gaheysville in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Mc Gaheysville, VA
How long does it take to sell a home in Mc Gaheysville, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 3 Days | -78.1% |
Summary: Homes in Mc Gaheysville had an average of 3 days on market in Apr 2024, down by 78.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Mc Gaheysville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.