$2,908 Closing Credit*
$244,900
852 SqFt
2 Beds
•2 Full Baths
CAMERON CARROLL, Listing Office: WINTERGREEN REALTY, LLC
Is Nelson County, 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, Nelson County has remained a Seller's Market.
Key Takeaway
Nelson County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nelson County, VA
How much do homes in Nelson County, VA cost?
Median Sold Price
$485,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+7.8%)
Key Takeaway
Homes in Nelson County have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Nelson County was $485,000 in November 2024, up 7.8% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142K | $250K | +76.1% |
| 2 Bedrooms | $270K | $277.2K | +2.7% |
| 3 Bedrooms | $425K | $485.2K | +14.2% |
| 4 Bedrooms | $510K | $543K | +6.5% |
| 5+ Bedrooms | $1.0M | $725.5K | -29.9% |
Summary: Nelson County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.1%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 29.9%.
Median Sold Price Compared To Nearby Counties
| Amherst County | $245.7K | $271.6K | +10.5% |
| Nelson County | $450K | $485K | +7.8% |
| Albemarle County | $506.4K | $539.2K | +6.5% |
| Buckingham County | $281.4K | $280K | -0.5% |
Housing Supply in Nelson County, VA
How many homes are available in Nelson County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 141 | 131 | -7.1% |
Summary: The Nelson County real estate market had 131 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 21 | 19 | -9.5% |
| 3 Bedrooms | 49 | 45 | -8.2% |
| 4 Bedrooms | 38 | 32 | -15.8% |
| 5+ Bedrooms | 25 | 24 | -4.0% |
Summary: The Nelson County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 30 | +30.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nelson County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Nelson County in November 2024, up by 30.4% month-over-month. Of the 30 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Nelson County, VA
How long does it take to sell a home in Nelson County, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 43 Days | +35.4% |
Summary: Homes in Nelson County had an average of 43 days on market in Nov 2024, up by 35.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nelson County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 30 homes were sold in Nelson County; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% 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.