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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greene County is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

-$38,587(-9.5%)

Key Takeaway

Homes in Greene County have sold for 9.5% less than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $631K$135K
-78.6%
2 $403.6K$330K
-18.3%
3 $360K$339.9K
-5.6%
4 $435K$454.5K
+4.5%
5+ $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
+3.9%
Page County
+1.9%
Greene County
-9.5%

Housing Supply in Greene County, VA

How many homes are available in Greene County, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
10098-2.0%

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

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 1311
-15.4%
3 5254
+3.8%
4 2321
-8.7%
5+ 1111
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 2024May 2024CHANGE
1828+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greene County, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.

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 2023May 2024CHANGE
63 Days32 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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 Greene County, VA

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