$10,000 Closing Credit*
$2,500,000
6,022 SqFt
6 Beds
•5 Full Baths, 1 Partial
Pam Pope, Listing Office: Long & Foster REALTORS
Is Manakin Sabot, 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, Manakin Sabot has remained a Seller's Market.
Key Takeaway
Manakin Sabot is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manakin Sabot, VA
How much do homes in Manakin Sabot, VA cost?
Median Sold Price
$719,034
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$77,819(-9.8%)
Key Takeaway
Homes in Manakin Sabot have sold for 9.8% less than they did a year ago.
Summary: The median home sold price in Manakin Sabot was $719,034 in November 2024, down 9.8% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $663K | $302.5K | -54.4% |
| 3 Bedrooms | $649.9K | $640K | -1.5% |
| 4 Bedrooms | $874.9K | $865.5K | -1.1% |
| 5+ Bedrooms | $1.0M | $1.1M | +6.6% |
Summary: Manakin Sabot 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 decreased by 54.4%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
| South Anna | $470K | $525K | +11.7% |
| Rockville | $563K | $624.9K | +11.0% |
| Manakin Sabot | $796.8K | $719K | -9.8% |
Housing Supply in Manakin Sabot, VA
How many homes are available in Manakin Sabot, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 35 | -2.8% |
Summary: The Manakin Sabot real estate market had 35 homes for sale in November 2024, a 2.8% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Manakin Sabot 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 6.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manakin Sabot, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Manakin Sabot in November 2024, up by 100.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Manakin Sabot, VA
How long does it take to sell a home in Manakin Sabot, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 17 Days | -71.4% |
Summary: Homes in Manakin Sabot had an average of 17 days on market in Nov 2024, down by 71.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manakin Sabot are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Manakin Sabot; 75% of homes were sold within 30 days, 25% 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