$120,000
0.51 Acres
Land
Teresa L Strohmeyer, Listing Office: ERA Oakcrest Realty, Inc.
Is Berryville, 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, Berryville has remained a Seller's Market.
Key Takeaway
Berryville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berryville, VA
How much do homes in Berryville, VA cost?
Median Sold Price
$465,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$113,800(-19.7%)
Key Takeaway
Homes in Berryville have sold for 19.7% less than they did a year ago.
Summary: The median home sold price in Berryville was $465,000 in October 2024, down 19.7% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $439K | $270K | -38.5% |
| 2 Bedrooms | $275K | $335.5K | +22.0% |
| 3 Bedrooms | $496K | $419.9K | -15.3% |
| 4 Bedrooms | $567.5K | $621.9K | +9.6% |
| 5+ Bedrooms | $661.3K | $677.4K | +2.4% |
Summary: Berryville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.5%, 2 bedroom homes increased by 22%, 3 bedroom homes decreased by 15.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Buckmarsh | $473.1K | $485K | +2.5% |
| Berryville | $578.8K | $465K | -19.7% |
| Russell | $638K | $466K | -27.0% |
Housing Supply in Berryville, VA
How many homes are available in Berryville, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 39 | +30.0% |
Summary: The Berryville real estate market had 39 homes for sale in October 2024, a 30.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Berryville 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 increased by 37.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
3 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 Berryville, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Berryville in October 2024, up by 166.7% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Berryville, VA
How long does it take to sell a home in Berryville, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 20 Days | -28.4% |
Summary: Homes in Berryville had an average of 20 days on market in Oct 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Berryville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Berryville; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
