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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Central has remained a Seller's Market.

Key Takeaway

Central is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Central, VA

How much do homes in Central, VA cost?

Median Sold Price

$317,500

$193/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$76,500(+31.7%)

Key Takeaway

Homes in Central have sold for 31.7% more than they did a month ago.

Summary: The median home sold price in Central was $317,500 in October 2024, up 31.7% from last month, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $241K$266.5K
+10.6%
4 --
N/A
5+ -$350K
N/A

Summary: Central 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 10.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Dunnsville
+36.4%
Central
+31.7%

Housing Supply in Central, VA

How many homes are available in Central, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2120-4.8%

Summary: The Central real estate market had 20 homes for sale in October 2024, a 4.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1716
-5.9%
4 22
0.0%
5+ 22
0.0%

Summary: The Central 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 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Central in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.

Days on Market for Central, VA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
61 Days20 Days-67.1%

Summary: Homes in Central had an average of 20 days on market in Oct 2024, down by 67.1% compared to last month.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in Central; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 14 Days Ago

Newest Listings in Central, VA

Nearby Markets to Central, VA

What housing markets are near Central, VA?