Is Powhatan, 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 has remained a Seller's Market.
Housing Prices in Powhatan, VA
How much do homes in Powhatan, VA cost?
Median Sold Price
$438,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Powhatan was $438,000 in April 2024, up 9.8% 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 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 Cities
Moseley | $519K | $574.1K | +10.6% |
Powhatan | $398.7K | $438K | +9.8% |
Amelia Court House | $285K | $310K | +8.8% |
Housing Supply in Powhatan, VA
How many homes are available in Powhatan, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 118 | +16.8% |
Summary: The Powhatan 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 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
Summary: A total of 35 homes were sold or pending in Powhatan 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, VA
How long does it take to sell a home in Powhatan, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 28 Days | -20.2% |
Summary: Homes in Powhatan 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
Summary: During April 2024, 35 homes were sold in Powhatan; 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.