Is Acquinton, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Acquinton is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Acquinton was a Seller's Market.

Key Takeaway

Acquinton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Acquinton, VA

How much do homes in Acquinton, VA cost?

Median Sold Price

$350,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,608(+5.3%)

Key Takeaway

Homes in Acquinton have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Acquinton was $350,000 in October 2024, up 5.3% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165K-
N/A
2 $288K$285K
-1.0%
3 $326.5K$347.1K
+6.3%
4 $387K$412.7K
+6.6%
5+ $394.4K$438.9K
+11.3%

Summary: Acquinton 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 decreased by 1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 11.3%.

Median Sold Price Compared To Nearby Cities

Acquinton
+5.3%
King William
+4.8%

Housing Supply in Acquinton, VA

How many homes are available in Acquinton, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8893+5.7%

Summary: The Acquinton real estate market had 93 homes for sale in October 2024, a 5.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 4950
+2.0%
4 2327
+17.4%
5+ 1212
0.0%

Summary: The Acquinton 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 remained the same, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
179-47.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Acquinton, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Acquinton in October 2024, down by 47.1% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.

Days on Market for Acquinton, VA

How long does it take to sell a home in Acquinton, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days35 Days-8.5%

Summary: Homes in Acquinton had an average of 35 days on market in Oct 2024, down by 8.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Acquinton has remained consistent over time.

Summary: During October 2024, 9 homes were sold in Acquinton; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Acquinton, VA

Nearby Markets to Acquinton, VA

What housing markets are near Acquinton, VA?