$549,000
21.00 Acres
Land
Ben Day Jauch, Listing Office: ADVANCE LAND AND TIMBER LLC
Is Griffis-Widewater, 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, 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
$499,900
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,950(+6.8%)
Key Takeaway
Homes in Griffis-Widewater have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Griffis-Widewater was $499,900 in November 2024, up 6.8% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $290K | 0.0% |
| 3 Bedrooms | $380K | $400K | +5.3% |
| 4 Bedrooms | $490K | $525K | +7.1% |
| 5+ Bedrooms | $554.3K | $570K | +2.8% |
Summary: Griffis-Widewater 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 did not change, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Griffis-Widewater | $467.9K | $499.9K | +6.8% |
| Aquia | $470K | $500.1K | +6.4% |
| Stafford | $512.6K | $536.5K | +4.7% |
| Rock Hill | $540K | $561.2K | +3.9% |
| Garrisonville | $499.9K | $502.5K | 0.5% |
Housing Supply in Griffis-Widewater, VA
How many homes are available in Griffis-Widewater, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 53 | +1.9% |
Summary: The Griffis-Widewater real estate market had 53 homes for sale in November 2024, a 1.9% increase 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 | 7 | 11 | +57.1% |
| 3 Bedrooms | 14 | 9 | -35.7% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The Griffis-Widewater 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 increased by 57.1%, 3 bedroom homes decreased by 35.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Griffis-Widewater, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Griffis-Widewater in November 2024, down by 15.8% month-over-month. Of the 16 sold homes, 44% were sold under asking, 13% were sold at asking, and 44% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 28 Days | +154.2% |
Summary: Homes in Griffis-Widewater had an average of 28 days on market in Nov 2024, up by 154.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 16 homes were sold in Griffis-Widewater; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
