$895,000
58.49 Acres
Land
Carl R Broyles, Listing Office: Montague, Miller & Company
Is Locust Dale, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Locust Dale was a Seller's Market.
Key Takeaway
Locust Dale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Locust Dale, VA
How much do homes in Locust Dale, VA cost?
Median Sold Price
$429,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$99,000(+30.0%)
Key Takeaway
Homes in Locust Dale have sold for 30% more than they did a year ago.
Summary: The median home sold price in Locust Dale was $429,000 in October 2024, up 30% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $426.4K | N/A |
| 2 Bedrooms | $245K | $280K | +14.3% |
| 3 Bedrooms | $355.9K | $417.5K | +17.3% |
| 4 Bedrooms | $387.5K | $600K | +54.8% |
| 5+ Bedrooms | $450K | $447.5K | -0.6% |
Summary: Locust Dale housing prices by bedroom type for October 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 17.3%, 4 bedroom homes increased by 54.8%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Summary: The Locust Dale real estate market had 30 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Locust Dale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Locust Dale, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Locust Dale in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 80% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 11 Days | -48.5% |
Summary: Homes in Locust Dale had an average of 11 days on market in Oct 2024, down by 48.5% compared to last year.
Breakdown of Home Sale Times
5 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 October 2024, 5 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.