Is Ford's Colony, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ford's Colony is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Ford's Colony has remained a Seller's Market.

Key Takeaway

Ford's Colony is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ford's Colony, VA

How much do homes in Ford's Colony, VA cost?

Median Sold Price

$760,000

$223/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$90,000(-10.6%)

Key Takeaway

Homes in Ford's Colony have sold for 10.6% less than they did a month ago.

Summary: The median home sold price in Ford's Colony was $760,000 in November 2024, down 10.6% from last month, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $625K-
N/A
3 $878K$770K
-12.3%
4 $852.5K-
N/A
5+ $800K$760K
-5.0%

Summary: Ford's Colony housing prices by bedroom type for November 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 12.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 5%.

Housing Supply in Ford's Colony, VA

How many homes are available in Ford's Colony, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5745-21.1%

Summary: The Ford's Colony real estate market had 45 homes for sale in November 2024, a 21.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 1614
-12.5%
4 2115
-28.6%
5+ 1513
-13.3%

Summary: The Ford's Colony 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 40%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 13.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
178-52.9%

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 Ford's Colony, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Ford's Colony in November 2024, down by 52.9% 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 Ford's Colony, VA

How long does it take to sell a home in Ford's Colony, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
25 Days29 Days+15.7%

Summary: Homes in Ford's Colony had an average of 29 days on market in Nov 2024, up by 15.7% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Ford's Colony; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

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