$150,000
0.47 Acres
Land
Stephanie Jarrell, Listing Office: Innovation Properties, LLC
Is Lee Hill, 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, Lee Hill has remained a Seller's Market.
Key Takeaway
Lee Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lee Hill, VA
How much do homes in Lee Hill, VA cost?
Median Sold Price
$461,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,000(+2.4%)
Key Takeaway
Homes in Lee Hill have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Lee Hill was $461,000 in November 2024, up 2.4% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $290K | $319K | +10.0% |
| 3 Bedrooms | $365K | $405K | +11.0% |
| 4 Bedrooms | $488.7K | $500K | +2.3% |
| 5+ Bedrooms | $574.9K | $569.9K | -0.9% |
Summary: Lee Hill 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 10%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Salem | $348K | $369.4K | +6.2% |
| Battlefield | $426.6K | $439.9K | +3.1% |
| Fredericksburg | $439K | $449.9K | +2.5% |
| Lee Hill | $450K | $461K | +2.4% |
| Fredericksburg | $439.4K | $449.9K | +2.4% |
Housing Supply in Lee Hill, VA
How many homes are available in Lee Hill, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 139 | 135 | -2.9% |
Summary: The Lee Hill real estate market had 135 homes for sale in November 2024, a 2.9% decrease 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 | 15 | 14 | -6.7% |
| 3 Bedrooms | 38 | 34 | -10.5% |
| 4 Bedrooms | 62 | 61 | -1.6% |
| 5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The Lee Hill 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 6.7%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 32 | -20.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lee Hill, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Lee Hill in November 2024, down by 20.0% month-over-month. Of the 32 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Lee Hill, VA
How long does it take to sell a home in Lee Hill, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 23 Days | -18.5% |
Summary: Homes in Lee Hill had an average of 23 days on market in Nov 2024, down by 18.5% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lee Hill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 32 homes were sold in Lee Hill; 72% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved