Is Mc Gaheysville, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Mc Gaheysville has remained a Seller's Market.
Key Takeaway
Mc Gaheysville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mc Gaheysville, VA
How much do homes in Mc Gaheysville, VA cost?
Median Sold Price
$525,000
$215/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Mc Gaheysville have sold for 29.3% more than they did a month ago.
Summary: The median home sold price in Mc Gaheysville was $525,000 in May 2024, up 29.3% from last month, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $351K | $647.4K | +84.5% |
| 4 Bedrooms | $461K | $525K | +13.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Mc Gaheysville housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 84.5%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mc Gaheysville | $406K | $525K | +29.3% |
| Stonewall | $461K | $525K | +13.9% |
Housing Supply in Mc Gaheysville, VA
How many homes are available in Mc Gaheysville, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Mc Gaheysville real estate market had 11 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Mc Gaheysville 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 remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mc Gaheysville, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mc Gaheysville in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Mc Gaheysville, VA
How long does it take to sell a home in Mc Gaheysville, VA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 25 Days | +614.3% |
Summary: Homes in Mc Gaheysville had an average of 25 days on market in May 2024, up by 614.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mc Gaheysville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Mc Gaheysville; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
