$8,905 Closing Credit*
$749,900
6,422 SqFt
6 Beds
•4 Full Baths, 2 Partial
Marty Donovan, Listing Office: Lauren Bell Real Estate, Inc.
Is Diamond Hill, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Diamond Hill was a Seller's Market.
Key Takeaway
Diamond Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Diamond Hill, VA
How much do homes in Diamond Hill, VA cost?
Median Sold Price
$139,200
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$7,800(-5.3%)
Key Takeaway
Homes in Diamond Hill have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in Diamond Hill was $139,200 in December 2024, down 5.3% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215.9K | $229K | +6.0% |
| 2 Bedrooms | $140K | $139.9K | -0.1% |
| 3 Bedrooms | $98.4K | $78.5K | -20.3% |
| 4 Bedrooms | $186.4K | $127.9K | -31.4% |
| 5+ Bedrooms | - | $243.5K | N/A |
Summary: Diamond Hill housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes decreased by 20.3%, 4 bedroom homes decreased by 31.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| White Rock Hill | $97K | $130K | +34.0% |
| College Hill | $183K | $179K | -2.2% |
| Diamond Hill | $147K | $139.2K | -5.3% |
Housing Supply in Diamond Hill, VA
How many homes are available in Diamond Hill, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Summary: The Diamond Hill real estate market had 15 homes for sale in December 2024, a 16.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Diamond Hill housing inventory by bedroom type for December 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 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Diamond Hill, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Diamond Hill in December 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Diamond Hill, VA
How long does it take to sell a home in Diamond Hill, VA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 39 Days | 36 Days | -7.0% |
Summary: Homes in Diamond Hill had an average of 36 days on market in Dec 2024, down by 7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Diamond Hill are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in Diamond Hill; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
