$160,000
80.00 Acres
Land
#9974487, Larry Braaten, Listing Office: REMAX Rising JC
Is Bristol, 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, Bristol has remained a Seller's Market.
Key Takeaway
Bristol is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bristol, VA
How much do homes in Bristol, VA cost?
Median Sold Price
$215,333
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,333(+2.5%)
Key Takeaway
Homes in Bristol have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Bristol was $215,333 in November 2024, up 2.5% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $89K | +11.3% |
| 2 Bedrooms | $138.5K | $140K | +1.1% |
| 3 Bedrooms | $215K | $225K | +4.7% |
| 4 Bedrooms | $324K | $298K | -8.0% |
| 5+ Bedrooms | $592.5K | $372.5K | -37.1% |
Summary: Bristol housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 37.1%.
Housing Supply in Bristol, VA
How many homes are available in Bristol, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 141 | 147 | +4.3% |
Summary: The Bristol real estate market had 147 homes for sale in November 2024, a 4.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 25 | 26 | +4.0% |
| 3 Bedrooms | 75 | 71 | -5.3% |
| 4 Bedrooms | 32 | 36 | +12.5% |
| 5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The Bristol 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 4%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Asking Price vs. Sold Price
21 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 Bristol, you may be able to get a good deal. 67.7% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Bristol in November 2024, up by 6.9% month-over-month. Of the 31 sold homes, 68% were sold under asking, 23% were sold at asking, and 10% were sold over asking.
Days on Market for Bristol, VA
How long does it take to sell a home in Bristol, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 60 Days | +9.8% |
Summary: Homes in Bristol had an average of 60 days on market in Nov 2024, up by 9.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bristol has remained consistent over time.
Summary: During November 2024, 31 homes were sold in Bristol; 32% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
