Is Greene 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, Greene County has remained a Seller's Market.
Housing Prices in Greene County, VA
How much do homes in Greene County, VA cost?
Median Sold Price
$365,750
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Greene County was $365,750 in May 2024, down 9.5% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $631K | $135K | -78.6% |
2 Bedrooms | $403.6K | $330K | -18.3% |
3 Bedrooms | $360K | $339.9K | -5.6% |
4 Bedrooms | $435K | $454.5K | +4.5% |
5+ Bedrooms | $586K | $650K | +10.9% |
Summary: Greene County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78.6%, 2 bedroom homes decreased by 18.3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Counties
Orange County | $385K | $399.9K | +3.9% |
Page County | $270K | $275K | +1.9% |
Greene County | $404.3K | $365.7K | -9.5% |
Housing Supply in Greene County, VA
How many homes are available in Greene County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
100 | 98 | -2.0% |
Summary: The Greene County real estate market had 98 homes for sale in May 2024, a 2.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 52 | 54 | +3.8% |
4 Bedrooms | 23 | 21 | -8.7% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Greene County 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 decreased by 15.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 28 | +55.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Greene County in May 2024, up by 55.6% month-over-month. Of the 27 sold homes, 26% were sold under asking, 26% were sold at asking, and 48% were sold over asking.
Days on Market for Greene County, VA
How long does it take to sell a home in Greene County, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
63 Days | 32 Days | -49.2% |
Summary: Homes in Greene County had an average of 32 days on market in May 2024, down by 49.2% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Greene County; 86% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.