$3,681 Closing Credit*
$310,000
2,030 SqFt
4 Beds
•2 Full Baths
Scottie Booker, Listing Office: Divine Fog Realty Company LLC
Is Bedford, 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, Bedford has remained a Seller's Market.
Key Takeaway
Bedford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bedford, VA
How much do homes in Bedford, VA cost?
Median Sold Price
$282,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,100(+4.5%)
Key Takeaway
Homes in Bedford have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Bedford was $282,000 in November 2024, up 4.5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $319.9K | $188K | -41.2% |
| 2 Bedrooms | $202.1K | $215K | +6.4% |
| 3 Bedrooms | $259.9K | $260K | 0.0% |
| 4 Bedrooms | $420K | $342.5K | -18.5% |
| 5+ Bedrooms | $449K | $531K | +18.3% |
Summary: Bedford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.2%, 2 bedroom homes increased by 6.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Cities
| Bedford | $269.9K | $282K | +4.5% |
| Center | $349.9K | $339.9K | -2.9% |
Housing Supply in Bedford, VA
How many homes are available in Bedford, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 107 | 121 | +13.1% |
Summary: The Bedford real estate market had 121 homes for sale in November 2024, a 13.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 23 | +43.8% |
| 3 Bedrooms | 63 | 68 | +7.9% |
| 4 Bedrooms | 21 | 23 | +9.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Bedford 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 increased by 43.8%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bedford, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 26 homes were sold or pending in Bedford in November 2024, up by 8.3% month-over-month. Of the 26 sold homes, 35% were sold under asking, 46% were sold at asking, and 19% were sold over asking.
Days on Market for Bedford, VA
How long does it take to sell a home in Bedford, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 43 Days | +91.7% |
Summary: Homes in Bedford had an average of 43 days on market in Nov 2024, up by 91.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bedford are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 26 homes were sold in Bedford; 35% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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.