$574,000
164.43 Acres
Land
Brooke Terrell, Listing Office: Century 21 Realty @ Home
Is Dillwyn, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Dillwyn has remained a Seller's Market.
Key Takeaway
Dillwyn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dillwyn, VA
How much do homes in Dillwyn, VA cost?
Median Sold Price
$300,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$100(0.0%)
Key Takeaway
The sold price of homes in Dillwyn has remained the same since last year.
Summary: The median home sold price in Dillwyn was $300,000 in November 2024, the same as last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.5K | $92K | -24.9% |
| 2 Bedrooms | $231K | $338K | +46.3% |
| 3 Bedrooms | $299.9K | $280K | -6.6% |
| 4 Bedrooms | $342.5K | $367.2K | +7.2% |
| 5+ Bedrooms | - | $338.7K | N/A |
Summary: Dillwyn housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.9%, 2 bedroom homes increased by 46.3%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes did not change.
Housing Supply in Dillwyn, VA
How many homes are available in Dillwyn, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Summary: The Dillwyn real estate market had 31 homes for sale in November 2024, a 6.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Dillwyn housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 12 | +200.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dillwyn, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Dillwyn in November 2024, up by 200.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Dillwyn, VA
How long does it take to sell a home in Dillwyn, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 40 Days | +182.4% |
Summary: Homes in Dillwyn had an average of 40 days on market in Nov 2024, up by 182.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Dillwyn has remained consistent over time.
Summary: During November 2024, 12 homes were sold in Dillwyn; 42% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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