$30,000
5.39 Acres
Land
Zach Antill, Listing Office: ADVANCE LAND AND TIMBER LLC
Is Meherrin River, 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 River has remained a Seller's Market.
Key Takeaway
Meherrin River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Meherrin River, VA
How much do homes in Meherrin River, VA cost?
Median Sold Price
$649,900
$259/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$442,900(+214.0%)
Key Takeaway
Homes in Meherrin River have sold for 214% more than they did a month ago.
Summary: The median home sold price in Meherrin River was $649,900 in November 2024, up 214% from last month, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $96K | - | N/A |
| 3 Bedrooms | $142.2K | $649.9K | +356.9% |
| 4 Bedrooms | $750K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Meherrin River 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 increased by 356.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Victoria | $119.5K | $649.9K | +443.8% |
| Meherrin River | $207K | $649.9K | +214.0% |
| Meherrin | $750K | $304.7K | -59.4% |
Housing Supply in Meherrin River, VA
How many homes are available in Meherrin River, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Meherrin River real estate market had 13 homes for sale in November 2024, a 18.8% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 3 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Meherrin River 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 decreased by 50%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
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 River, 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 River in November 2024, down by 50.0% 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 River, VA
How long does it take to sell a home in Meherrin River, VA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 136 Days | 7 Days | -94.9% |
Summary: Homes in Meherrin River had an average of 7 days on market in Nov 2024, down by 94.9% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Meherrin River are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Meherrin River; 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.
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