$3,100,000
4,217 SqFt
6 Beds
•5 Full Baths, 1 Partial
Listing Office: BERKSHIRE HATHAWAY HOMESERVICES DAWSON FORD GARBEE & CO, REALTORS(r)
Is Nellysford, 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, Nellysford was a Seller'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
$541,075
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$13,925(-2.5%)
Key Takeaway
Homes in Nellysford have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Nellysford was $541,075 in October 2024, down 2.5% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $280K | +75.0% |
| 2 Bedrooms | $243.5K | $310K | +27.3% |
| 3 Bedrooms | $555K | $535K | -3.6% |
| 4 Bedrooms | $670.2K | $744.5K | +11.1% |
| 5+ Bedrooms | $1.3M | $991.5K | -23.7% |
Summary: Nellysford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 23.7%.
Median Sold Price Compared To Nearby Cities
| Nellysford | $555K | $541K | -2.5% |
| Central | $547.5K | $530K | -3.2% |
Housing Supply in Nellysford, VA
How many homes are available in Nellysford, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 45 | 0.0% |
Summary: The Nellysford real estate market had 45 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Nellysford 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 decreased by 7.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nellysford, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Nellysford in October 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 72 Days | +103.1% |
Summary: Homes in Nellysford had an average of 72 days on market in Oct 2024, up by 103.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Nellysford are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in Nellysford; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% 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.