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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dale is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Dale has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Dale, VA

How much do homes in Dale, VA cost?

Median Sold Price

$348,618

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,936(+7.0%)

Key Takeaway

Homes in Dale have sold for 7% more than they did a year ago.

Summary: The median home sold price in Dale was $348,618 in October 2024, up 7% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $75.5K$102.5K
+35.8%
2 $207.7K$218.5K
+5.2%
3 $290K$324.7K
+12.0%
4 $385K$391K
+1.6%
5+ $487.9K$476.5K
-2.3%

Summary: Dale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.8%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Cities

Chesterfield
+7.5%
Dale
+7.0%
Chester
+7.0%
Clover Hill
+7.0%
Matoaca
+5.6%

Housing Supply in Dale, VA

How many homes are available in Dale, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
239248+3.8%

Summary: The Dale real estate market had 248 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 711
+57.1%
3 137133
-2.9%
4 7683
+9.2%
5+ 1720
+17.6%

Summary: The Dale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 57.1%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 17.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5666+17.9%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dale, you may be able to get a good deal. 44.6% of homes here sold below asking price last month.

Summary: A total of 66 homes were sold or pending in Dale in October 2024, up by 17.9% month-over-month. Of the 65 sold homes, 45% were sold under asking, 23% were sold at asking, and 32% were sold over asking.

Days on Market for Dale, VA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days57 Days+396.6%

Summary: Homes in Dale had an average of 57 days on market in Oct 2024, up by 396.6% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 66 homes were sold in Dale; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 15% 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 16 Days Ago

Newest Listings in Dale, VA

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