Is Bristol, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bristol is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Bristol has remained a Seller's Market.

Key Takeaway

Bristol is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bristol, VA

How much do homes in Bristol, VA cost?

Median Sold Price

$211,900

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$21,950(+11.6%)

Key Takeaway

Homes in Bristol have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in Bristol was $211,900 in May 2024, up 11.6% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$84.5K
N/A
2 $124.9K$150.5K
+20.4%
3 $200K$215K
+7.5%
4 $297.5K$315K
+5.9%
5+ $363.5K$537.5K
+47.9%

Summary: Bristol housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 47.9%.

Median Sold Price Compared To Nearby Cities

Wilson
+26.0%
Bristol
+11.6%
Bristol
+11.6%
Bristol
+5.0%
Tyler
-4.1%

Housing Supply in Bristol, VA

How many homes are available in Bristol, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
116125+7.8%

Summary: The Bristol real estate market had 125 homes for sale in May 2024, a 7.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 2526
+4.0%
3 6364
+1.6%
4 1823
+27.8%
5+ 911
+22.2%

Summary: The Bristol housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2633+26.9%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bristol, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Bristol in May 2024, up by 26.9% month-over-month. Of the 33 sold homes, 48% were sold under asking, 24% were sold at asking, and 27% were sold over asking.

Days on Market for Bristol, VA

How long does it take to sell a home in Bristol, VA?

Average Sale Time

May 2023May 2024CHANGE
65 Days67 Days+2.9%

Summary: Homes in Bristol had an average of 67 days on market in May 2024, up by 2.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bristol has remained consistent over time.

Summary: During May 2024, 33 homes were sold in Bristol; 18% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Bristol, VA

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