$5,106 Closing Credit*
$430,000
2,304 SqFt
3 Beds
•3 Full Baths
Sheila A Hensley, Listing Office: Samson Properties
Is Locust Dale, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Locust Dale was a Seller's Market.
Key Takeaway
Locust Dale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Locust Dale, VA
How much do homes in Locust Dale, VA cost?
Median Sold Price
$429,900
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$110,400(+34.6%)
Key Takeaway
Homes in Locust Dale have sold for 34.6% more than they did a year ago.
Summary: The median home sold price in Locust Dale was $429,900 in November 2024, up 34.6% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $426.4K | N/A |
| 2 Bedrooms | $245K | $280K | +14.3% |
| 3 Bedrooms | $330K | $425K | +28.8% |
| 4 Bedrooms | $405K | $600K | +48.1% |
| 5+ Bedrooms | $450K | $447.5K | -0.6% |
Summary: Locust Dale 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 14.3%, 3 bedroom homes increased by 28.8%, 4 bedroom homes increased by 48.1%, and 5+ bedroom homes decreased by 0.6%.
Housing Supply in Locust Dale, VA
How many homes are available in Locust Dale, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 26 | -16.1% |
Summary: The Locust Dale real estate market had 26 homes for sale in November 2024, a 16.1% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 21 | 16 | -23.8% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Locust Dale 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 remained the same, 3 bedroom homes decreased by 23.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Locust Dale, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Locust Dale in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Locust Dale, VA
How long does it take to sell a home in Locust Dale, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 14 Days | -42.1% |
Summary: Homes in Locust Dale had an average of 14 days on market in Nov 2024, down by 42.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Locust Dale are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Locust Dale; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.