$2,523 Closing Credit*
$212,500
1,320 SqFt
3 Beds
•1 Full Bath
John Herlong, Listing Office: Country Roads Realty LLC
Is Burkeville, 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, Burkeville has remained a Seller's Market.
Key Takeaway
Burkeville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burkeville, VA
How much do homes in Burkeville, VA cost?
Median Sold Price
$260,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$119,000(+84.4%)
Key Takeaway
Homes in Burkeville have sold for 84.4% more than they did a year ago.
Summary: The median home sold price in Burkeville was $260,000 in October 2024, up 84.4% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $457.5K | $176K | -61.5% |
| 3 Bedrooms | $125.5K | $308.4K | +145.7% |
| 4 Bedrooms | $120K | $152.5K | +27.1% |
| 5+ Bedrooms | - | $214.2K | N/A |
Summary: Burkeville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 61.5%, 3 bedroom homes increased by 145.7%, 4 bedroom homes increased by 27.1%, and 5+ bedroom homes did not change.
Housing Supply in Burkeville, VA
How many homes are available in Burkeville, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The Burkeville real estate market had 13 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Burkeville 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Burkeville, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Burkeville in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Burkeville, VA
How long does it take to sell a home in Burkeville, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 85 Days | 63 Days | -25.1% |
Summary: Homes in Burkeville had an average of 63 days on market in Oct 2024, down by 25.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Burkeville are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Burkeville; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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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.