Is South River, 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, South River has remained a Seller's Market.
Housing Prices in South River, VA
How much do homes in South River, VA cost?
Median Sold Price
$369,999
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South River was $369,999 in April 2024, up 7.2% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $398K | $260K | -34.7% |
2 Bedrooms | $229.9K | $228.5K | -0.6% |
3 Bedrooms | $349.9K | $366.9K | +4.9% |
4 Bedrooms | $417K | $434.5K | +4.2% |
5+ Bedrooms | $521K | $448K | -14.0% |
Summary: South River housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.7%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 14%.
Median Sold Price Compared To Nearby Cities
Front Royal | $315K | $369.6K | +17.3% |
Fork | $356K | $390K | +9.6% |
South River | $345K | $369.9K | +7.2% |
Bentonville | $506.7K | $405.5K | -20.0% |
Housing Supply in South River, VA
How many homes are available in South River, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 31 | +19.2% |
Summary: The South River real estate market had 31 homes for sale in April 2024, a 19.2% 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 | 3 | 5 | +66.7% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The South River 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 66.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in South River in April 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for South River, VA
How long does it take to sell a home in South River, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
112 Days | 29 Days | -73.7% |
Summary: Homes in South River had an average of 29 days on market in Apr 2024, down by 73.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in South River; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.