$3,788 Closing Credit*
$319,000
1,790 SqFt
3 Beds
•2 Full Baths
Jimmy L Rufus Jr., Listing Office: eXp Realty LLC-Fredericksburg
Is Amherst, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Amherst has remained a Seller's Market.
Key Takeaway
Amherst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Amherst, VA
How much do homes in Amherst, VA cost?
Median Sold Price
$299,900
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,900(+14.5%)
Key Takeaway
Homes in Amherst have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Amherst was $299,900 in November 2024, up 14.5% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $327K | N/A |
| 2 Bedrooms | $150K | $170.6K | +13.7% |
| 3 Bedrooms | $255.2K | $299K | +17.1% |
| 4 Bedrooms | $429.9K | $389.9K | -9.3% |
| 5+ Bedrooms | $350K | $660K | +88.6% |
Summary: Amherst 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 increased by 13.7%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 88.6%.
Housing Supply in Amherst, VA
How many homes are available in Amherst, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 35 | +6.1% |
Summary: The Amherst real estate market had 35 homes for sale in November 2024, a 6.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Amherst housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 19%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Amherst, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Amherst in November 2024, up by 57.1% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Amherst, VA
How long does it take to sell a home in Amherst, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 45 Days | +302.8% |
Summary: Homes in Amherst had an average of 45 days on market in Nov 2024, up by 302.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Amherst are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Amherst; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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