$1,899 Closing Credit*
$159,900
563 SqFt
1 Bed
•1 Full Bath
Christopher Kiger, Listing Office: eXp Realty LLC-Lynchburg
Is Diamond Hill, 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, Diamond Hill has remained a Seller's Market.
Key Takeaway
Diamond Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Diamond Hill, VA
How much do homes in Diamond Hill, VA cost?
Median Sold Price
$139,900
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,100(-4.8%)
Key Takeaway
Homes in Diamond Hill have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Diamond Hill was $139,900 in October 2024, down 4.8% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212K | $229K | +8.0% |
| 2 Bedrooms | $142.3K | $139.9K | -1.7% |
| 3 Bedrooms | $101.9K | $78.5K | -23.0% |
| 4 Bedrooms | $224.9K | $169.9K | -24.5% |
| 5+ Bedrooms | $265K | $243.5K | -8.1% |
Summary: Diamond Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 23%, 4 bedroom homes decreased by 24.5%, and 5+ bedroom homes decreased by 8.1%.
Housing Supply in Diamond Hill, VA
How many homes are available in Diamond Hill, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Diamond Hill real estate market had 23 homes for sale in October 2024, a 4.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Diamond Hill 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 100%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Diamond Hill, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Diamond Hill in October 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 38 Days | -33.2% |
Summary: Homes in Diamond Hill had an average of 38 days on market in Oct 2024, down by 33.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Diamond Hill has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Diamond Hill; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
