$5,342 Closing Credit*
$449,888
1,008 SqFt
2 Beds
•1 Full Bath, 1 Partial
Nicole Dash, Listing Office: eXp Realty LLC
Is Groveton, 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, Groveton has remained a Seller's Market.
Key Takeaway
Groveton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Groveton, VA
How much do homes in Groveton, VA cost?
Median Sold Price
$649,000
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,000(+8.2%)
Key Takeaway
Homes in Groveton have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Groveton was $649,000 in November 2024, up 8.2% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $488.5K | $501.5K | +2.7% |
| 3 Bedrooms | $550K | $581.2K | +5.7% |
| 4 Bedrooms | $692.5K | $735K | +6.1% |
| 5+ Bedrooms | $808.2K | $807K | -0.2% |
Summary: Groveton 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 increased by 2.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 0.2%.
Housing Supply in Groveton, VA
How many homes are available in Groveton, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Summary: The Groveton real estate market had 30 homes for sale in November 2024, a 7.1% 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 | 4 | 7 | +75.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Groveton 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 75%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Groveton, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Groveton in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Groveton, VA
How long does it take to sell a home in Groveton, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 28 Days | +16.6% |
Summary: Homes in Groveton had an average of 28 days on market in Nov 2024, up by 16.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Groveton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Groveton; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
