$2,255 Closing Credit*
$189,900
1,296 SqFt
3 Beds
•1 Full Bath
#9973517, Cody Davenport, Listing Office: American Realty
Is Abingdon, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Abingdon has remained a Seller's Market.
Key Takeaway
Abingdon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Abingdon, VA
How much do homes in Abingdon, VA cost?
Median Sold Price
$322,500
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,050(+1.0%)
Key Takeaway
Homes in Abingdon have sold for 1% more than they did a year ago.
Summary: The median home sold price in Abingdon was $322,500 in October 2024, up 1% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | - | N/A |
| 2 Bedrooms | $205K | $251.4K | +22.7% |
| 3 Bedrooms | $289K | $309.5K | +7.1% |
| 4 Bedrooms | $396.5K | $369.4K | -6.8% |
| 5+ Bedrooms | $525K | $528K | +0.6% |
Summary: Abingdon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
| York | $290K | $338.5K | +16.7% |
| Hayes | $305K | $335.5K | +10.0% |
| Gloucester | $335K | $354.9K | +5.9% |
| Ware | $334.5K | $349.7K | +4.6% |
| Abingdon | $319.4K | $322.5K | +1.0% |
Housing Supply in Abingdon, VA
How many homes are available in Abingdon, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 138 | 124 | -10.1% |
Summary: The Abingdon real estate market had 124 homes for sale in October 2024, a 10.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 9 | -30.8% |
| 3 Bedrooms | 84 | 77 | -8.3% |
| 4 Bedrooms | 32 | 31 | -3.1% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Abingdon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30.8%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 23 | -25.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Abingdon, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Abingdon in October 2024, down by 25.8% month-over-month. Of the 15 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% were sold over asking.
Days on Market for Abingdon, VA
How long does it take to sell a home in Abingdon, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 63 Days | 55 Days | -12.0% |
Summary: Homes in Abingdon had an average of 55 days on market in Oct 2024, down by 12% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Abingdon has remained consistent over time.
Summary: During October 2024, 23 homes were sold in Abingdon; 30% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved