$65,000
8.20 Acres
Land
Tina McCabe, Listing Office: EXP Realty LLC
Is Ervinton, 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, Ervinton has remained a Seller's Market.
Key Takeaway
Ervinton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ervinton, VA
How much do homes in Ervinton, VA cost?
Median Sold Price
$160,250
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$52,750(+49.1%)
Key Takeaway
Homes in Ervinton have sold for 49.1% more than they did a year ago.
Summary: The median home sold price in Ervinton was $160,250 in November 2024, up 49.1% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $52.5K | $125K | +138.1% |
| 3 Bedrooms | $99K | $160.2K | +61.9% |
| 4 Bedrooms | $219.5K | $295K | +34.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Ervinton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 138.1%, 3 bedroom homes increased by 61.9%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes did not change.
Housing Supply in Ervinton, VA
How many homes are available in Ervinton, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Summary: The Ervinton real estate market had 4 homes for sale in November 2024, a 33.3% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ervinton 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ervinton, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Ervinton in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ervinton, VA
How long does it take to sell a home in Ervinton, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 161 Days | +200.9% |
Summary: Homes in Ervinton had an average of 161 days on market in Nov 2024, up by 200.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Ervinton are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Ervinton; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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