Is Amherst County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Amherst County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $199.9K | N/A |
2 Bedrooms | $152.5K | $163.5K | +7.2% |
3 Bedrooms | $225K | $261K | +16.0% |
4 Bedrooms | $285K | $315K | +10.5% |
5+ Bedrooms | $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 | $400K | $480K | +20.0% |
Amherst County | $229.9K | $255K | +10.9% |
Campbell County | $259.3K | $275K | +6.0% |
Appomattox County | $270K | $279.9K | +3.7% |
Housing Supply in Amherst County, VA
How many homes are available in Amherst County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
71 | 119 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 8 | 13 | +62.5% |
3 Bedrooms | 42 | 71 | +69.0% |
4 Bedrooms | 17 | 27 | +58.8% |
5+ Bedrooms | 4 | 6 | +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 2024 | May 2024 | CHANGE |
---|---|---|
28 | 38 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 39 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
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.