$3,681 Closing Credit*
$309,950
1,380 SqFt
3 Beds
•2 Full Baths
Ray Rivera, Listing Office: EXP Realty LLC
Is Colonial Heights, 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, Colonial Heights has remained a Seller's Market.
Key Takeaway
Colonial Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Colonial Heights, VA
How much do homes in Colonial Heights, VA cost?
Median Sold Price
$281,333
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,333(+12.5%)
Key Takeaway
Homes in Colonial Heights have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Colonial Heights was $281,333 in October 2024, up 12.5% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $178K | $202.7K | +13.9% |
| 3 Bedrooms | $250K | $265.2K | +6.1% |
| 4 Bedrooms | $314.9K | $332.5K | +5.6% |
| 5+ Bedrooms | $345K | $427.5K | +23.9% |
Summary: Colonial Heights 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 increased by 13.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 23.9%.
Median Sold Price Compared To Nearby Cities
| Petersburg | $185.3K | $214.9K | +16.0% |
| Colonial Heights | $256K | $295K | +15.2% |
| Colonial Heights | $250K | $281.3K | +12.5% |
| Petersburg | $215K | $239.3K | +11.3% |
| Bermuda | $346.5K | $370K | +6.8% |
Housing Supply in Colonial Heights, VA
How many homes are available in Colonial Heights, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 87 | +6.1% |
Summary: The Colonial Heights real estate market had 87 homes for sale in October 2024, a 6.1% 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 | 4 | 8 | +100.0% |
| 3 Bedrooms | 54 | 54 | 0.0% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Colonial Heights 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 remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Colonial Heights, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Colonial Heights in October 2024, up by 15.0% month-over-month. Of the 22 sold homes, 41% were sold under asking, 14% were sold at asking, and 45% were sold over asking.
Days on Market for Colonial Heights, VA
How long does it take to sell a home in Colonial Heights, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 19 Days | -2.6% |
Summary: Homes in Colonial Heights had an average of 19 days on market in Oct 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Colonial Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Colonial Heights; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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