$10,000 Closing Credit*
$1,195,000
2,808 SqFt
7 Beds
•4 Full Baths
Lauren A Davis, Listing Office: KW Realty Lakeside
Is Bumpass, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Bumpass has remained a Seller's Market.
Key Takeaway
Bumpass is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bumpass, VA
How much do homes in Bumpass, VA cost?
Median Sold Price
$389,999
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$20,001(-4.9%)
Key Takeaway
Homes in Bumpass have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Bumpass was $389,999 in September 2024, down 4.9% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $210K | -12.5% |
| 2 Bedrooms | $245K | $225K | -8.2% |
| 3 Bedrooms | $371K | $363K | -2.2% |
| 4 Bedrooms | $530K | $626.3K | +18.2% |
| 5+ Bedrooms | $1.1M | $1.1M | -6.7% |
Summary: Bumpass housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Mountain Road | $347.8K | $389.4K | +12.0% |
| Cuckoo | $414.9K | $428K | +3.1% |
| Jackson | $384.7K | $379.9K | -1.3% |
| Bumpass | $410K | $389.9K | -4.9% |
Housing Supply in Bumpass, VA
How many homes are available in Bumpass, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 98 | 103 | +5.1% |
Summary: The Bumpass real estate market had 103 homes for sale in September 2024, a 5.1% increase 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 | 1 | 0.0% |
| 3 Bedrooms | 50 | 53 | +6.0% |
| 4 Bedrooms | 28 | 32 | +14.3% |
| 5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The Bumpass 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 remained the same, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bumpass, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Bumpass in September 2024, the same as the previous month. Of the 18 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Bumpass, VA
How long does it take to sell a home in Bumpass, VA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 20 Days | 37 Days | +79.9% |
Summary: Homes in Bumpass had an average of 37 days on market in Sep 2024, up by 79.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bumpass are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 18 homes were sold in Bumpass; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved