$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 October 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
$138,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$53,000(+62.4%)
Key Takeaway
Homes in Ervinton have sold for 62.4% more than they did a year ago.
Summary: The median home sold price in Ervinton was $138,000 in October 2024, up 62.4% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $52.5K | $125K | +138.1% |
| 3 Bedrooms | $99K | $90.5K | -8.6% |
| 4 Bedrooms | $169K | $282.5K | +67.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Ervinton housing prices by bedroom type for October 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 decreased by 8.6%, 4 bedroom homes increased by 67.2%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Summary: The Ervinton real estate market had 5 homes for sale in October 2024, a 28.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ervinton 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 decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ervinton, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Ervinton in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 47 Days | +80.8% |
Summary: Homes in Ervinton had an average of 47 days on market in Oct 2024, up by 80.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ervinton has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Ervinton; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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