$350,000
1.58 Acres
Land
Hunter Law, Listing Office: IsaBell K. Horsley Real Estate
Is Locust Hill, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Locust Hill has remained a Seller's Market.
Key Takeaway
Locust Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Locust Hill, VA
How much do homes in Locust Hill, VA cost?
Median Sold Price
$837,000
$278/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$357,000(+74.4%)
Key Takeaway
Homes in Locust Hill have sold for 74.4% more than they did a month ago.
Summary: The median home sold price in Locust Hill was $837,000 in October 2024, up 74.4% from last month, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $379K | N/A |
| 4 Bedrooms | $438K | $1.2M | +195.7% |
| 5+ Bedrooms | $1.7M | - | N/A |
Summary: Locust Hill housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 195.7%, and 5+ bedroom homes did not change.
Housing Supply in Locust Hill, VA
How many homes are available in Locust Hill, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Summary: The Locust Hill real estate market had 4 homes for sale in October 2024, a 42.9% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Locust Hill 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 remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Locust Hill, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Locust Hill in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Locust Hill, VA
How long does it take to sell a home in Locust Hill, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 32 Days | -29.4% |
Summary: Homes in Locust Hill had an average of 32 days on market in Oct 2024, down by 29.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Locust Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Locust Hill; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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