Is Providence Forge, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Providence Forge was a Buyer's Market.
Housing Prices in Providence Forge, VA
How much do homes in Providence Forge, VA cost?
Median Sold Price
$558,250
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Providence Forge was $558,250 in April 2024, up 7.5% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $235K | $316.2K | +34.6% |
3 Bedrooms | $325K | $420K | +29.2% |
4 Bedrooms | $559.6K | $596K | +6.5% |
5+ Bedrooms | $579.1K | $625.9K | +8.1% |
Summary: Providence Forge 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 34.6%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
Charles City | $267.5K | $307.5K | +15.0% |
Lanexa | $380K | $420K | +10.5% |
Providence Forge | $519.1K | $558.2K | +7.5% |
New Kent | $378.6K | $385.9K | +1.9% |
Housing Supply in Providence Forge, VA
How many homes are available in Providence Forge, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 73 | -9.9% |
Summary: The Providence Forge real estate market had 73 homes for sale in April 2024, a 9.9% decrease 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 | 3 | 3 | 0.0% |
3 Bedrooms | 26 | 25 | -3.8% |
4 Bedrooms | 30 | 26 | -13.3% |
5+ Bedrooms | 22 | 19 | -13.6% |
Summary: The Providence Forge 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 3.8%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 22 | +37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Providence Forge in April 2024, up by 37.5% month-over-month. Of the 16 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% were sold over asking.
Days on Market for Providence Forge, VA
How long does it take to sell a home in Providence Forge, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 46 Days | +192.3% |
Summary: Homes in Providence Forge had an average of 46 days on market in Apr 2024, up by 192.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Providence Forge; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.