$825,000
163.53 Acres
Land
Daran Becker, Listing Office: Peoples Company
Is New Virginia, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, New Virginia was a Neutral Market.
Key Takeaway
New Virginia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Virginia, IA
How much do homes in New Virginia, IA cost?
Median Sold Price
$300,750
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$24,250(-7.5%)
Key Takeaway
Homes in New Virginia have sold for 7.5% less than they did a year ago.
Summary: The median home sold price in New Virginia was $300,750 in November 2024, down 7.5% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $357.5K | N/A |
| 2 Bedrooms | $219K | $121.9K | -44.3% |
| 3 Bedrooms | $256.2K | $325K | +26.8% |
| 4 Bedrooms | $825K | $360K | -56.4% |
| 5+ Bedrooms | $510K | $276.5K | -45.8% |
Summary: New Virginia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 44.3%, 3 bedroom homes increased by 26.8%, 4 bedroom homes decreased by 56.4%, and 5+ bedroom homes decreased by 45.8%.
Housing Supply in New Virginia, IA
How many homes are available in New Virginia, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The New Virginia real estate market had 8 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The New Virginia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Virginia, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in New Virginia in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for New Virginia, IA
How long does it take to sell a home in New Virginia, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 7 Days | -70.0% |
Summary: Homes in New Virginia had an average of 7 days on market in Nov 2024, down by 70% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Virginia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in New Virginia; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
