Is Powhatan County, 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, Powhatan County has remained a Seller's Market.
Key Takeaway
Powhatan County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Powhatan County, VA
How much do homes in Powhatan County, VA cost?
Median Sold Price
$438,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Powhatan County have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Powhatan County was $438,000 in April 2024, up 9.7% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $245K | +63.3% |
| 2 Bedrooms | $261K | $392.5K | +50.4% |
| 3 Bedrooms | $335K | $361.5K | +7.9% |
| 4 Bedrooms | $552K | $550K | -0.4% |
| 5+ Bedrooms | $610K | $740K | +21.3% |
Summary: Powhatan County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.3%, 2 bedroom homes increased by 50.4%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Counties
| Powhatan County | $399.2K | $438K | +9.7% |
| Henrico County | $375.3K | $410K | +9.2% |
| Cumberland County | $270K | $293.3K | +8.6% |
| Goochland County | $513.7K | $533.6K | +3.9% |
| Amelia County | $299.9K | $310K | +3.4% |
Housing Supply in Powhatan County, VA
How many homes are available in Powhatan County, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 101 | 118 | +16.8% |
Summary: The Powhatan County real estate market had 118 homes for sale in April 2024, a 16.8% 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 36 | 47 | +30.6% |
| 4 Bedrooms | 39 | 41 | +5.1% |
| 5+ Bedrooms | 20 | 25 | +25.0% |
Summary: The Powhatan County 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 16.7%, 3 bedroom homes increased by 30.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 35 | +52.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Powhatan County, you could pay more than the asking price. 35.3% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Powhatan County in April 2024, up by 52.2% month-over-month. Of the 34 sold homes, 32% were sold under asking, 32% were sold at asking, and 35% were sold over asking.
Days on Market for Powhatan County, VA
How long does it take to sell a home in Powhatan County, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 28 Days | -20.2% |
Summary: Homes in Powhatan County had an average of 28 days on market in Apr 2024, down by 20.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Powhatan County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 35 homes were sold in Powhatan County; 74% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.