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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chickahominy is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Chickahominy, VA

How much do homes in Chickahominy, VA cost?

Median Sold Price

$489,900

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,919(+6.3%)

Key Takeaway

Homes in Chickahominy have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Chickahominy was $489,900 in May 2024, up 6.3% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $380K$270K
-28.9%
3 $400K$403K
+0.8%
4 $515K$513.3K
-0.3%
5+ $587.9K$599.9K
+2.0%

Summary: Chickahominy 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 decreased by 28.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Cities

Fairfield
+9.0%
Chickahominy
+6.3%
Henry
+6.1%
Glen Allen
+5.4%
Mechanicsville
+4.9%

Housing Supply in Chickahominy, VA

How many homes are available in Chickahominy, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8794+8.0%

Summary: The Chickahominy real estate market had 94 homes for sale in May 2024, a 8.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2930
+3.4%
4 3940
+2.6%
5+ 1924
+26.3%

Summary: The Chickahominy 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 remained the same, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 26.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1130+172.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chickahominy, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in Chickahominy in May 2024, up by 172.7% month-over-month. Of the 30 sold homes, 37% were sold under asking, 17% were sold at asking, and 47% were sold over asking.

Days on Market for Chickahominy, VA

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

Average Sale Time

May 2023May 2024CHANGE
12 Days17 Days+37.8%

Summary: Homes in Chickahominy had an average of 17 days on market in May 2024, up by 37.8% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chickahominy are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 30 homes were sold in Chickahominy; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% 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

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