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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Keswick is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Keswick was a Neutral Market.

Key Takeaway

Keswick is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Keswick, VA

How much do homes in Keswick, VA cost?

Median Sold Price

$834,500

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$15,395(-1.8%)

Key Takeaway

Homes in Keswick have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Keswick was $834,500 in November 2024, down 1.8% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$330K
N/A
2 $316K$372.5K
+17.9%
3 $657.5K$638.8K
-2.8%
4 $924.5K$725K
-21.6%
5+ $1.1M$1.2M
+9.1%

Summary: Keswick 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 17.9%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 21.6%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Cities

Charlottesville
+9.2%
Rivanna
+8.5%
Gordonsville
-0.3%
Palmyra
-1.7%
Keswick
-1.8%

Housing Supply in Keswick, VA

How many homes are available in Keswick, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3329-12.1%

Summary: The Keswick real estate market had 29 homes for sale in November 2024, a 12.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 1112
+9.1%
4 1411
-21.4%
5+ 76
-14.3%

Summary: The Keswick 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 100%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Keswick, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Keswick in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Keswick, VA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
106 Days28 Days-73.3%

Summary: Homes in Keswick had an average of 28 days on market in Nov 2024, down by 73.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Keswick are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Keswick; 67% of homes were sold within 30 days, 33% 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 21 Days Ago

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