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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buckroe is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Buckroe was a Seller's Market.

Key Takeaway

Buckroe is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Buckroe, VA

How much do homes in Buckroe, VA cost?

Median Sold Price

$257,450

$184/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$46,450(-15.3%)

Key Takeaway

Homes in Buckroe have sold for 15.3% less than they did a month ago.

Summary: The median home sold price in Buckroe was $257,450 in November 2024, down 15.3% from last month, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $303.9K$257.4K
-15.3%
4 --
N/A
5+ --
N/A

Summary: Buckroe housing prices by bedroom type for November 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 15.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Buckroe, VA

How many homes are available in Buckroe, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
109110+0.9%

Summary: The Buckroe real estate market had 110 homes for sale in November 2024, a 0.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2320
-13.0%
3 5455
+1.9%
4 2629
+11.5%
5+ 66
0.0%

Summary: The Buckroe 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 decreased by 13%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2011-45.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buckroe, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Buckroe in November 2024, down by 45.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Buckroe, VA

How long does it take to sell a home in Buckroe, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
55 Days37 Days-31.6%

Summary: Homes in Buckroe had an average of 37 days on market in Nov 2024, down by 31.6% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Buckroe are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in Buckroe; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% 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 17 Days Ago

Newest Listings in Buckroe, VA

Nearby Markets to Buckroe, VA