Is Scott, 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, Scott has remained a Seller's Market.
Housing Prices in Scott, VA
How much do homes in Scott, VA cost?
Median Sold Price
$726,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Scott was $726,000 in April 2024, up 13.4% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | - | N/A |
2 Bedrooms | $430K | $380K | -11.6% |
3 Bedrooms | $485K | $587.5K | +21.1% |
4 Bedrooms | $727.5K | $750K | +3.1% |
5+ Bedrooms | $849K | $900K | +6.0% |
Summary: Scott 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 11.6%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 6%.
Housing Supply in Scott, VA
How many homes are available in Scott, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
82 | 87 | +6.1% |
Summary: The Scott real estate market had 87 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 21 | 21 | 0.0% |
4 Bedrooms | 33 | 37 | +12.1% |
5+ Bedrooms | 26 | 27 | +3.8% |
Summary: The Scott housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 25 | +38.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Scott in April 2024, up by 38.9% month-over-month. Of the 25 sold homes, 24% were sold under asking, 12% were sold at asking, and 64% were sold over asking.
Days on Market for Scott, VA
How long does it take to sell a home in Scott, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 17 Days | -34.8% |
Summary: Homes in Scott had an average of 17 days on market in Apr 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Scott; 92% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.