$525,000
8.62 Acres
Land
•2 Full Baths, 1 Partial
Kilpatrick, Jon, Listing Office: RE/MAX Precision
Is New Virginia, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, New Virginia was a Seller's Market.
Key Takeaway
New Virginia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Virginia, IA
How much do homes in New Virginia, IA cost?
Median Sold Price
$160,000
$138/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$319,495(-66.6%)
Key Takeaway
Homes in New Virginia have sold for 66.6% less than they did a month ago.
Summary: The median home sold price in New Virginia was $160,000 in December 2024, down 66.6% from last month, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $479.4K | $160K | -66.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: New Virginia housing prices by bedroom type for December 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 decreased by 66.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Virginia | $479.4K | $160K | -66.6% |
| Virginia Township | $479.4K | $160K | -66.6% |
Housing Supply in New Virginia, IA
How many homes are available in New Virginia, IA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The New Virginia real estate market had 8 homes for sale in December 2024, a 11.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The New Virginia housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was 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 1 homes were sold or pending in New Virginia in December 2024, down by 50.0% month-over-month. Of the 1 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 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 Days | 5 Days | -33.3% |
Summary: Homes in New Virginia had an average of 5 days on market in Dec 2024, down by 33.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was 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 December 2024, 1 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.
