$4,275 Closing Credit*
$360,000
1,963 SqFt
2 Beds
•2 Full Baths, 2 Partial
Deborah R Banzon, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is Griffis-Widewater, 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, Griffis-Widewater has remained a Seller's Market.
Key Takeaway
Griffis-Widewater is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Griffis-Widewater, VA
How much do homes in Griffis-Widewater, VA cost?
Median Sold Price
$499,949
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,049(+6.4%)
Key Takeaway
Homes in Griffis-Widewater have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Griffis-Widewater was $499,949 in October 2024, up 6.4% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $280K | $302.7K | +8.1% |
| 3 Bedrooms | $372.5K | $400K | +7.4% |
| 4 Bedrooms | $487.5K | $519.9K | +6.7% |
| 5+ Bedrooms | $555K | $565K | +1.8% |
Summary: Griffis-Widewater 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 8.1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Griffis-Widewater | $469.9K | $499.9K | +6.4% |
| Aquia | $469.5K | $496.8K | +5.8% |
| Rock Hill | $533K | $561.8K | +5.4% |
| Stafford | $513.2K | $535K | +4.2% |
| Garrisonville | $497.5K | $505K | +1.5% |
Housing Supply in Griffis-Widewater, VA
How many homes are available in Griffis-Widewater, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 59 | +28.3% |
Summary: The Griffis-Widewater real estate market had 59 homes for sale in October 2024, a 28.3% increase 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 | 9 | +350.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 17 | 22 | +29.4% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Griffis-Widewater 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 increased by 350%, 3 bedroom homes remained the same, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 18 | +157.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Griffis-Widewater, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Griffis-Widewater in October 2024, up by 157.1% month-over-month. Of the 18 sold homes, 17% were sold under asking, 28% were sold at asking, and 56% were sold over asking.
Days on Market for Griffis-Widewater, VA
How long does it take to sell a home in Griffis-Widewater, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 20 Days | -9.7% |
Summary: Homes in Griffis-Widewater had an average of 20 days on market in Oct 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Griffis-Widewater are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Griffis-Widewater; 72% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
