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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gretna is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Gretna has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Gretna, VA

How much do homes in Gretna, VA cost?

Median Sold Price

$220,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,000(+18.9%)

Key Takeaway

Homes in Gretna have sold for 18.9% more than they did a year ago.

Summary: The median home sold price in Gretna was $220,000 in October 2024, up 18.9% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $135K$174.9K
+29.6%
3 $167K$220K
+31.7%
4 $411K$430.6K
+4.8%
5+ $469.9K$424K
-9.8%

Summary: Gretna 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 29.6%, 3 bedroom homes increased by 31.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 9.8%.

Median Sold Price Compared To Nearby Cities

Gretna
+18.9%
Callands-Gretna
-18.1%

Housing Supply in Gretna, VA

How many homes are available in Gretna, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1512-20.0%

Summary: The Gretna real estate market had 12 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 97
-22.2%
4 22
0.0%
5+ 11
0.0%

Summary: The Gretna 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 decreased by 50%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

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

Summary: A total of 3 homes were sold or pending in Gretna in October 2024, down 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 Gretna, VA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
9 Days40 Days+344.4%

Summary: Homes in Gretna had an average of 40 days on market in Oct 2024, up by 344.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Gretna has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Gretna; 33% of homes were sold within 30 days, 67% 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 17 Days Ago

Newest Listings in Gretna, VA

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