$1,247 Closing Credit*
$105,000
1,260 SqFt
3 Beds
•1 Full Bath
Benjamin Manis, Listing Office: RE/MAX Advantage Plus
Is Meherrin, 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, Meherrin has remained a Seller's Market.
Key Takeaway
Meherrin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Meherrin, VA
How much do homes in Meherrin, VA cost?
Median Sold Price
$750,000
$476/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$302,550(+67.6%)
Key Takeaway
Homes in Meherrin have sold for 67.6% more than they did a month ago.
Summary: The median home sold price in Meherrin was $750,000 in October 2024, up 67.6% from last month, and the median price per square foot was $476.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $447.4K | - | N/A |
| 4 Bedrooms | - | $750K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Meherrin 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 did not change, and 5+ bedroom homes did not change.
Housing Supply in Meherrin, VA
How many homes are available in Meherrin, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Summary: The Meherrin real estate market had 17 homes for sale in October 2024, a 30.8% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Meherrin 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 increased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Meherrin, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Meherrin in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Meherrin, VA
How long does it take to sell a home in Meherrin, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 162 Days | +238.9% |
Summary: Homes in Meherrin had an average of 162 days on market in Oct 2024, up by 238.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Meherrin are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Meherrin; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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