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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Aroda is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Aroda has remained a Seller's Market.

Key Takeaway

Aroda is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Aroda, VA

How much do homes in Aroda, VA cost?

Median Sold Price

$790,000

$295/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$343,500(+76.9%)

Key Takeaway

Homes in Aroda have sold for 76.9% more than they did a month ago.

Summary: The median home sold price in Aroda was $790,000 in October 2024, up 76.9% from last month, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $446.5K$790K
+76.9%
4 $397.5K-
N/A
5+ --
N/A

Summary: Aroda housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 76.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Aroda, VA

How many homes are available in Aroda, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
51-80.0%

Summary: The Aroda real estate market had 1 homes for sale in October 2024, a 80.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 31
-66.7%
4 20
-100.0%
5+ 00
0.0%

Summary: The Aroda 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 decreased by 66.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
41-75.0%

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 Aroda, 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 Aroda in October 2024, down by 75.0% 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 Aroda, VA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
30 Days22 Days-27.3%

Summary: Homes in Aroda had an average of 22 days on market in Oct 2024, down by 27.3% compared to last month.

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 Aroda are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Aroda; 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 21 Days Ago

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