$4,750 Closing Credit*
$400,000
Wendy Witt, Listing Office: Keller Williams
Is Amherst County, 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, Amherst County has remained a Seller's Market.
Key Takeaway
Amherst County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Amherst County, VA
How much do homes in Amherst County, VA cost?
Median Sold Price
$262,566
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,066(+6.5%)
Key Takeaway
Homes in Amherst County have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Amherst County was $262,566 in October 2024, up 6.5% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $137K | N/A |
| 2 Bedrooms | $155K | $179.9K | +16.1% |
| 3 Bedrooms | $244K | $261.5K | +7.2% |
| 4 Bedrooms | $342.4K | $315K | -8.0% |
| 5+ Bedrooms | $298.9K | $439.5K | +47.0% |
Summary: Amherst County 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 16.1%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 47%.
Median Sold Price Compared To Nearby Counties
| Amherst County | $246.5K | $262.5K | +6.5% |
| Nelson County | $450K | $475K | +5.6% |
| Appomattox County | $269.9K | $279K | +3.4% |
| Campbell County | $268K | $269.9K | +0.7% |
Housing Supply in Amherst County, VA
How many homes are available in Amherst County, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 106 | 116 | +9.4% |
Summary: The Amherst County real estate market had 116 homes for sale in October 2024, a 9.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 58 | 69 | +19.0% |
| 4 Bedrooms | 27 | 24 | -11.1% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Amherst County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Amherst County, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Amherst County in October 2024, up by 10.0% month-over-month. Of the 22 sold homes, 55% were sold under asking, 32% were sold at asking, and 14% were sold over asking.
Days on Market for Amherst County, VA
How long does it take to sell a home in Amherst County, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 47 Days | +105.2% |
Summary: Homes in Amherst County had an average of 47 days on market in Oct 2024, up by 105.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Amherst County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in Amherst County; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
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
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.