Is Eagle Rock, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eagle Rock is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Eagle Rock, VA

How much do homes in Eagle Rock, VA cost?

Median Sold Price

$170,250

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,775(+4.1%)

Key Takeaway

Homes in Eagle Rock have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Eagle Rock was $170,250 in October 2024, up 4.1% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $172K$350K
+103.5%
2 $125.9K$176K
+39.7%
3 $167.5K$129K
-23.0%
4 $189.5K$141.4K
-25.3%
5+ -$164.5K
N/A

Summary: Eagle Rock housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103.5%, 2 bedroom homes increased by 39.7%, 3 bedroom homes decreased by 23%, 4 bedroom homes decreased by 25.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Jackson River
+6.9%
Eagle Rock
+4.1%

Housing Supply in Eagle Rock, VA

How many homes are available in Eagle Rock, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
712+71.4%

Summary: The Eagle Rock real estate market had 12 homes for sale in October 2024, a 71.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 35
+66.7%
4 02
+100.0%
5+ 11
0.0%

Summary: The Eagle Rock 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 33.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eagle Rock, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Eagle Rock in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Eagle Rock, VA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Eagle Rock, VA

Nearby Markets to Eagle Rock, VA

What housing markets are near Eagle Rock, VA?