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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hollins is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Hollins, VA

How much do homes in Hollins, VA cost?

Median Sold Price

$330,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,500(+7.3%)

Key Takeaway

Homes in Hollins have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Hollins was $330,000 in November 2024, up 7.3% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $253.2K$241.7K
-4.5%
3 $285K$299.9K
+5.2%
4 $329.7K$387.5K
+17.5%
5+ $449.9K$515K
+14.5%

Summary: Hollins 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 decreased by 4.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 14.5%.

Median Sold Price Compared To Nearby Cities

Valley
+13.6%
Roanoke
+8.2%
Hollins
+7.3%
Catawba
+3.3%
Amsterdam
+1.6%

Housing Supply in Hollins, VA

How many homes are available in Hollins, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
113103-8.8%

Summary: The Hollins real estate market had 103 homes for sale in November 2024, a 8.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 7361
-16.4%
4 2730
+11.1%
5+ 55
0.0%

Summary: The Hollins 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 12.5%, 3 bedroom homes decreased by 16.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3520-42.9%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hollins, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Hollins in November 2024, down by 42.9% month-over-month. Of the 20 sold homes, 50% were sold under asking, 15% were sold at asking, and 35% were sold over asking.

Days on Market for Hollins, VA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Hollins, VA

Nearby Markets to Hollins, VA

What housing markets are near Hollins, VA?