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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bristol is a seller's market

Buyer's
Market

Difference Since October 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

$210,500

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$500(+0.2%)

Key Takeaway

The sold price of homes in Bristol has remained the same since last year.

Summary: The median home sold price in Bristol was $210,500 in October 2024, up 0.2% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $80K$89K
+11.3%
2 $132.5K$143K
+7.9%
3 $220K$219K
-0.5%
4 $319.5K$298K
-6.7%
5+ $576.5K$372.5K
-35.4%

Summary: Bristol housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 7.9%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 35.4%.

Median Sold Price Compared To Nearby Cities

Bristol
+9.1%
Wilson
+4.2%
Bristol
0.5%
Bristol
0.2%
Tyler
-8.8%

Housing Supply in Bristol, VA

How many homes are available in Bristol, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
148150+1.4%

Summary: The Bristol real estate market had 150 homes for sale in October 2024, a 1.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2527
+8.0%
3 8381
-2.4%
4 3133
+6.5%
5+ 88
0.0%

Summary: The Bristol 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 8%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2429+20.8%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bristol, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Bristol in October 2024, up by 20.8% month-over-month. Of the 29 sold homes, 62% were sold under asking, 7% were sold at asking, and 31% 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

Oct 2023Oct 2024CHANGE
46 Days58 Days+25.3%

Summary: Homes in Bristol had an average of 58 days on market in Oct 2024, up by 25.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bristol has remained consistent over time.

Summary: During October 2024, 29 homes were sold in Bristol; 28% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 17% 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 3 Days Ago

Newest Listings in Bristol, VA

Nearby Markets to Bristol, VA

What housing markets are near Bristol, VA?