$6,523 Closing Credit*
$549,318
2,211 SqFt
4 Beds
•3 Full Baths
Jill Matthews, Listing Office: Realty Richmond
Is Ashland, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Ashland was a Seller's Market.
Key Takeaway
Ashland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ashland, VA
How much do homes in Ashland, VA cost?
Median Sold Price
$500,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,500(+2.1%)
Key Takeaway
Homes in Ashland have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Ashland was $500,000 in October 2024, up 2.1% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.9K | $255K | +6.3% |
| 2 Bedrooms | $235.4K | $279.7K | +18.8% |
| 3 Bedrooms | $363.7K | $390K | +7.2% |
| 4 Bedrooms | $711.4K | $649.9K | -8.6% |
| 5+ Bedrooms | $776K | $725K | -6.6% |
Summary: Ashland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 6.6%.
Median Sold Price Compared To Nearby Cities
| Ashland | $489.5K | $500K | +2.1% |
| Beaverdam | $557K | $556K | -0.2% |
Housing Supply in Ashland, VA
How many homes are available in Ashland, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 148 | 164 | +10.8% |
Summary: The Ashland real estate market had 164 homes for sale in October 2024, a 10.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 31 | 38 | +22.6% |
| 3 Bedrooms | 58 | 61 | +5.2% |
| 4 Bedrooms | 38 | 41 | +7.9% |
| 5+ Bedrooms | 19 | 22 | +15.8% |
Summary: The Ashland 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 increased by 22.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ashland, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Ashland in October 2024, the same as the previous month. Of the 17 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% were sold over asking.
Days on Market for Ashland, VA
How long does it take to sell a home in Ashland, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 73 Days | 62 Days | -15.3% |
Summary: Homes in Ashland had an average of 62 days on market in Oct 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ashland are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Ashland; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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