$5,936 Closing Credit*
$499,900
2,112 SqFt
4 Beds
•3 Full Baths
Sharon Hayman, Listing Office: TTR Sotheby's International Realty
Is Nellysford, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Nellysford has remained a Buyer's Market.
Key Takeaway
Nellysford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nellysford, VA
How much do homes in Nellysford, VA cost?
Median Sold Price
$550,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-0.9%)
Key Takeaway
Homes in Nellysford have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Nellysford was $550,000 in November 2024, down 0.9% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $310K | +93.8% |
| 2 Bedrooms | $237K | $334.2K | +41.0% |
| 3 Bedrooms | $555K | $535K | -3.6% |
| 4 Bedrooms | $650K | $739K | +13.7% |
| 5+ Bedrooms | $1.3M | $842.5K | -35.2% |
Summary: Nellysford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.8%, 2 bedroom homes increased by 41%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 35.2%.
Median Sold Price Compared To Nearby Cities
| North | $393.6K | $520K | +32.1% |
| Nellysford | $555K | $550K | -0.9% |
| Central | $545K | $522.5K | -4.1% |
Housing Supply in Nellysford, VA
How many homes are available in Nellysford, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 42 | -4.5% |
Summary: The Nellysford real estate market had 42 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Nellysford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 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 Nellysford, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Nellysford in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Nellysford, VA
How long does it take to sell a home in Nellysford, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 66 Days | 24 Days | -63.1% |
Summary: Homes in Nellysford had an average of 24 days on market in Nov 2024, down by 63.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Nellysford has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Nellysford; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.