Is Buckingham County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Buckingham County has remained a Seller's Market.
Housing Prices in Buckingham County, VA
How much do homes in Buckingham County, VA cost?
Median Sold Price
$313,750
$163/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Buckingham County was $313,750 in May 2024, down 0.4% from last month, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $92K | - | N/A |
2 Bedrooms | - | $72.5K | N/A |
3 Bedrooms | $315K | $307.5K | -2.4% |
4 Bedrooms | $3.7M | $439K | -88.1% |
5+ Bedrooms | - | - | N/A |
Summary: Buckingham County housing prices by bedroom type for May 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 decreased by 2.4%, 4 bedroom homes decreased by 88.1%, and 5+ bedroom homes did not change.
Housing Supply in Buckingham County, VA
How many homes are available in Buckingham County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 46 | -8.0% |
Summary: The Buckingham County real estate market had 46 homes for sale in May 2024, a 8.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 36 | 27 | -25.0% |
4 Bedrooms | 5 | 10 | +100.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Buckingham County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Buckingham County in May 2024, the same as the previous month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for Buckingham County, VA
How long does it take to sell a home in Buckingham County, VA?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
122 Days | 52 Days | -57.1% |
Summary: Homes in Buckingham County had an average of 52 days on market in May 2024, down by 57.1% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Buckingham County; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.