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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Emporia is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Emporia was a Buyer's Market.

Key Takeaway

Emporia is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Emporia, VA

How much do homes in Emporia, VA cost?

Median Sold Price

$166,000

$152/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$71,000(-30.0%)

Key Takeaway

Homes in Emporia have sold for 30% less than they did a month ago.

Summary: The median home sold price in Emporia was $166,000 in December 2024, down 30% from last month, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $221K$163K
-26.2%
4 $250K$215K
-14.0%
5+ --
N/A

Summary: Emporia housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 26.2%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Emporia
-30.0%
Emporia
-30.0%

Housing Supply in Emporia, VA

How many homes are available in Emporia, VA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2931+6.9%

Summary: The Emporia real estate market had 31 homes for sale in December 2024, a 6.9% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1921
+10.5%
4 87
-12.5%
5+ 11
0.0%

Summary: The Emporia 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 increased by 100%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Emporia, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Emporia in December 2024, up by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Emporia, VA

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

Average Sale Time

Nov 2024Dec 2024CHANGE
81 Days57 Days-30.1%

Summary: Homes in Emporia had an average of 57 days on market in Dec 2024, down by 30.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 5 homes were sold in Emporia; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 4 Days Ago

Newest Listings in Emporia, VA

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