Is Amherst County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Amherst County is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Amherst County, VA

How much do homes in Amherst County, VA cost?

Median Sold Price

$255,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,033(+10.9%)

Key Takeaway

Homes in Amherst County have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in Amherst County was $255,000 in May 2024, up 10.9% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$199.9K
N/A
2 $152.5K$163.5K
+7.2%
3 $225K$261K
+16.0%
4 $285K$315K
+10.5%
5+ $495.9K$288.4K
-41.8%

Summary: Amherst County 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 7.2%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 41.8%.

Median Sold Price Compared To Nearby Counties

Nelson County
+20.0%
Amherst County
+10.9%
Campbell County
+6.0%
Appomattox County
+3.7%

Housing Supply in Amherst County, VA

How many homes are available in Amherst County, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
71119+67.6%

Summary: The Amherst County real estate market had 119 homes for sale in May 2024, a 67.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 02
+100.0%
2 813
+62.5%
3 4271
+69.0%
4 1727
+58.8%
5+ 46
+50.0%

Summary: The Amherst County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 69%, 4 bedroom homes increased by 58.8%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2838+35.7%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Amherst County, you may be able to get a good deal. 36.8% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Amherst County in May 2024, up by 35.7% month-over-month. Of the 38 sold homes, 37% were sold under asking, 32% were sold at asking, and 32% were sold over asking.

Days on Market for Amherst County, VA

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

Average Sale Time

May 2023May 2024CHANGE
13 Days39 Days+200.8%

Summary: Homes in Amherst County had an average of 39 days on market in May 2024, up by 200.8% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 38 homes were sold in Amherst County; 74% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 16% 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 Amherst County, VA

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