Is Pittsylvania 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, Pittsylvania County has remained a Seller's Market.
Housing Prices in Pittsylvania County, VA
How much do homes in Pittsylvania County, VA cost?
Median Sold Price
$215,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pittsylvania County was $215,000 in May 2024, up 19.4% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $51K | $199.5K | +291.2% |
2 Bedrooms | $157.5K | $174.9K | +11.0% |
3 Bedrooms | $194K | $199.9K | +3.1% |
4 Bedrooms | $250K | $372.4K | +49.0% |
5+ Bedrooms | $283.7K | $360.5K | +27.1% |
Summary: Pittsylvania County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 291.2%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 49%, and 5+ bedroom homes increased by 27.1%.
Median Sold Price Compared To Nearby Counties
Pittsylvania County | $180K | $215K | +19.4% |
Franklin County | $319.6K | $349.9K | +9.5% |
Campbell County | $259.3K | $275K | +6.0% |
Housing Supply in Pittsylvania County, VA
How many homes are available in Pittsylvania County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 41 | +10.8% |
Summary: The Pittsylvania County real estate market had 41 homes for sale in May 2024, a 10.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 12 | 9 | -25.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Pittsylvania County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 7 | -63.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Pittsylvania County in May 2024, down by 63.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Pittsylvania County, VA
How long does it take to sell a home in Pittsylvania County, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 63 Days | +51.8% |
Summary: Homes in Pittsylvania County had an average of 63 days on market in May 2024, up by 51.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Pittsylvania County; 57% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.