$7,211 Closing Credit*
$607,230
2,516 SqFt
4 Beds
•3 Full Baths
Kevin Morris, Listing Office: Long & Foster REALTORS
Is McTavish Addition, 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, McTavish Addition was a Seller's Market.
Key Takeaway
McTavish Addition is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in McTavish Addition, VA
How much do homes in McTavish Addition, VA cost?
Median Sold Price
$465,897
$251/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
-$39,062(-7.7%)
Key Takeaway
Homes in McTavish Addition have sold for 7.7% less than they did a month ago.
Summary: The median home sold price in McTavish Addition was $465,897 in September 2024, down 7.7% from last month, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $486.9K | $457.1K | -6.1% |
| 3 Bedrooms | $560.2K | $474.6K | -15.3% |
| 4 Bedrooms | $626.4K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: McTavish Addition housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 15.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Scott's Addition | $497K | $465.8K | -6.3% |
| McTavish Addition | $504.9K | $465.8K | -7.7% |
Housing Supply in McTavish Addition, VA
How many homes are available in McTavish Addition, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 28 | 22 | -21.4% |
Summary: The McTavish Addition real estate market had 22 homes for sale in September 2024, a 21.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 21 | 18 | -14.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The McTavish Addition housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 2 | -77.8% |
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 McTavish Addition, 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 McTavish Addition in September 2024, down by 77.8% 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 McTavish Addition, VA
How long does it take to sell a home in McTavish Addition, VA?
Average Sale Time
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 38 Days | 87 Days | +128.3% |
Summary: Homes in McTavish Addition had an average of 87 days on market in Sep 2024, up by 128.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in McTavish Addition has remained consistent over time.
Summary: During September 2024, 2 homes were sold in McTavish Addition; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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