$159,900
1.85 Acres
Land
Cherice N Clark, Listing Office: Clark Premier Realty Group
Is Mc Gaheysville, 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, Mc Gaheysville was a Seller's Market.
Key Takeaway
Mc Gaheysville 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 Mc Gaheysville, VA
How much do homes in Mc Gaheysville, VA cost?
Median Sold Price
$449,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$81,500(+22.2%)
Key Takeaway
Homes in Mc Gaheysville have sold for 22.2% more than they did a year ago.
Summary: The median home sold price in Mc Gaheysville was $449,000 in October 2024, up 22.2% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | $200K | -37.5% |
| 3 Bedrooms | $354.5K | $389.9K | +10.0% |
| 4 Bedrooms | $460K | $481.7K | +4.7% |
| 5+ Bedrooms | $577.5K | $650K | +12.6% |
Summary: Mc Gaheysville 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 decreased by 37.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 12.6%.
Housing Supply in Mc Gaheysville, VA
How many homes are available in Mc Gaheysville, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The Mc Gaheysville real estate market had 7 homes for sale in October 2024, a 40.0% 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 | 1 | +100.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Mc Gaheysville 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 increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mc Gaheysville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Mc Gaheysville in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 16 Days | +56.1% |
Summary: Homes in Mc Gaheysville had an average of 16 days on market in Oct 2024, up by 56.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mc Gaheysville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Mc Gaheysville; 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.
