$3,147 Closing Credit*
$265,000
1,600 SqFt
3 Beds
•2 Full Baths, 1 Partial
Melissa L. Bradley, Listing Office: Shore Realty, Inc.
Is Callao, 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, Callao has remained a Seller's Market.
Key Takeaway
Callao is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Callao, VA
How much do homes in Callao, VA cost?
Median Sold Price
$225,000
$196/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$126,000(+127.3%)
Key Takeaway
Homes in Callao have sold for 127.3% more than they did a month ago.
Summary: The median home sold price in Callao was $225,000 in October 2024, up 127.3% from last month, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $175K | N/A |
| 3 Bedrooms | $99K | $275K | +177.8% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Callao housing prices by bedroom type for October 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 increased by 177.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Callao | $99K | $225K | +127.3% |
| Lottsburg | $539.9K | $389K | -28.0% |
Housing Supply in Callao, VA
How many homes are available in Callao, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Summary: The Callao real estate market had 9 homes for sale in October 2024, a 50.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Callao 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 increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Callao, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Callao in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Callao, VA
How long does it take to sell a home in Callao, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 5 Days | -92.4% |
Summary: Homes in Callao had an average of 5 days on market in Oct 2024, down by 92.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Callao are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Callao; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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