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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Emporia is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Emporia was a Buyer's Market.

Key Takeaway

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

Housing Prices in Emporia, VA

How much do homes in Emporia, VA cost?

Median Sold Price

$139,600

$131/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$106,400(-43.3%)

Key Takeaway

Homes in Emporia have sold for 43.3% less than they did a month ago.

Summary: The median home sold price in Emporia was $139,600 in October 2024, down 43.3% from last month, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $235K$139.6K
-40.6%
4 -$163.5K
N/A
5+ $257K-
N/A

Summary: Emporia housing prices by bedroom type for October 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 40.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Emporia, VA

How many homes are available in Emporia, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3537+5.7%

Summary: The Emporia real estate market had 37 homes for sale in October 2024, a 5.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2526
+4.0%
4 79
+28.6%
5+ 21
-50.0%

Summary: The Emporia 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 remained the same, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
28+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were 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. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Emporia in October 2024, up by 300.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% 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

Sep 2024Oct 2024CHANGE
179 Days47 Days-73.7%

Summary: Homes in Emporia had an average of 47 days on market in Oct 2024, down by 73.7% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was 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 October 2024, 8 homes were sold in Emporia; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 20 Days Ago

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