$6,116 Closing Credit*
$515,000
3 Beds
•2 Full Baths
Christie L. Jones, Listing Office: RE/MAX Gateway
Is Mc Gaheysville, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Mc Gaheysville was a Neutral Market.
Key Takeaway
Mc Gaheysville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mc Gaheysville, VA
How much do homes in Mc Gaheysville, VA cost?
Median Sold Price
$748,000
$274/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$282,000(+60.5%)
Key Takeaway
Homes in Mc Gaheysville have sold for 60.5% more than they did a month ago.
Summary: The median home sold price in Mc Gaheysville was $748,000 in November 2024, up 60.5% from last month, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $466K | $748K | +60.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Mc Gaheysville housing prices by bedroom type for November 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 60.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mc Gaheysville | $466K | $748K | +60.5% |
| Stonewall | $320K | $310K | -3.1% |
Housing Supply in Mc Gaheysville, VA
How many homes are available in Mc Gaheysville, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Summary: The Mc Gaheysville real estate market had 9 homes for sale in November 2024, a 50.0% increase 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 | 3 | 4 | +33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Mc Gaheysville 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 increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mc Gaheysville, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Mc Gaheysville in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Mc Gaheysville, VA
How long does it take to sell a home in Mc Gaheysville, VA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 58 Days | +262.5% |
Summary: Homes in Mc Gaheysville had an average of 58 days on market in Nov 2024, up by 262.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mc Gaheysville has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Mc Gaheysville; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
