$7,582 Closing Credit*
$638,505
2,291 SqFt
3 Beds
•2 Full Baths, 1 Partial
Shannon Lynn Bray, Listing Office: Pearson Smith Realty, LLC
Is Broadlands South, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Broadlands South was a Seller's Market.
Key Takeaway
Broadlands South is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Broadlands South, VA
How much do homes in Broadlands South, VA cost?
Median Sold Price
$697,047
$257/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
-$532,953(-43.3%)
Key Takeaway
Homes in Broadlands South have sold for 43.3% less than they did a month ago.
Summary: The median home sold price in Broadlands South was $697,047 in September 2024, down 43.3% from last month, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $676K | N/A |
| 4 Bedrooms | $1.2M | - | N/A |
| 5+ Bedrooms | $1.3M | $1.4M | +6.4% |
Summary: Broadlands South housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 6.4%.
Housing Supply in Broadlands South, VA
How many homes are available in Broadlands South, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The Broadlands South real estate market had 19 homes for sale in September 2024, a 5.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Broadlands South housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Broadlands South, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Broadlands South in September 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Broadlands South, VA
How long does it take to sell a home in Broadlands South, VA?
Average Sale Time
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 Days | 27 Days | +281.6% |
Summary: Homes in Broadlands South had an average of 27 days on market in Sep 2024, up by 281.6% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broadlands South are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in Broadlands South; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
