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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Afton is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Afton, VA

How much do homes in Afton, VA cost?

Median Sold Price

$572,000

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$37,000(-6.1%)

Key Takeaway

Homes in Afton have sold for 6.1% less than they did a year ago.

Summary: The median home sold price in Afton was $572,000 in October 2024, down 6.1% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $472K$434.5K
-7.9%
3 $412.5K$525K
+27.3%
4 $1.4M$610K
-58.2%
5+ $1.2M$813K
-32.3%

Summary: Afton 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 7.9%, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 58.2%, and 5+ bedroom homes decreased by 32.3%.

Housing Supply in Afton, VA

How many homes are available in Afton, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1416+14.3%

Summary: The Afton real estate market had 16 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 1113
+18.2%
4 11
0.0%
5+ 12
+100.0%

Summary: The Afton 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 100%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Afton, 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 Afton in October 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 Afton, VA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days6 Days-81.5%

Summary: Homes in Afton had an average of 6 days on market in Oct 2024, down by 81.5% compared to last year.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Afton are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Afton; 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.

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

Report Updated 22 Days Ago

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