Is Tappahannock, 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, Tappahannock has remained a Seller's Market.
Housing Prices in Tappahannock, VA
How much do homes in Tappahannock, VA cost?
Median Sold Price
$300,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tappahannock was $300,000 in April 2024, up 17.7% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220.5K | $115.8K | -47.5% |
2 Bedrooms | $180K | $158.8K | -11.8% |
3 Bedrooms | $253.4K | $279.9K | +10.5% |
4 Bedrooms | $279.7K | $393.7K | +40.7% |
5+ Bedrooms | $600K | $437K | -27.2% |
Summary: Tappahannock housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.5%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 40.7%, and 5+ bedroom homes decreased by 27.2%.
Median Sold Price Compared To Nearby Cities
Central | $254.9K | $309K | +21.2% |
Tappahannock | $254.9K | $300K | +17.7% |
Housing Supply in Tappahannock, VA
How many homes are available in Tappahannock, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 34 | +3.0% |
Summary: The Tappahannock real estate market had 34 homes for sale in April 2024, a 3.0% 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 | 7 | 4 | -42.9% |
3 Bedrooms | 18 | 19 | +5.6% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Tappahannock 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 42.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Tappahannock in April 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Tappahannock, VA
How long does it take to sell a home in Tappahannock, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 80 Days | +245.0% |
Summary: Homes in Tappahannock had an average of 80 days on market in Apr 2024, up by 245% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Tappahannock; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.