$177 Closing Credit*
$14,900
1,306 SqFt
2 Beds
•1 Full Bath
#9973748, Garrett Addington, Listing Office: The Addington Agency Bristol
Is Bristol, 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, 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
$210,950
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$950(+0.5%)
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 $210,950 in October 2024, up 0.5% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $89K | +11.3% |
| 2 Bedrooms | $132.5K | $143K | +7.9% |
| 3 Bedrooms | $220K | $219K | -0.5% |
| 4 Bedrooms | $319.5K | $298K | -6.7% |
| 5+ Bedrooms | $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%.
Housing Supply in Bristol, VA
How many homes are available in Bristol, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 149 | 151 | +1.3% |
Summary: The Bristol real estate market had 151 homes for sale in October 2024, a 1.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 83 | 81 | -2.4% |
| 4 Bedrooms | 32 | 34 | +6.3% |
| 5+ Bedrooms | 8 | 8 | 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 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 29 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 58 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
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.
