$10,000 Closing Credit*
$2,495,000
ROD PHILLIPS, Listing Office: DOGWOOD REALTY GROUP 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 October 2023
At the same time last year, Nelson County was a Seller's Market.
Key Takeaway
Nelson County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nelson County, VA
How much do homes in Nelson County, VA cost?
Median Sold Price
$475,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+5.6%)
Key Takeaway
Homes in Nelson County have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Nelson County was $475,000 in October 2024, up 5.6% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142K | $207.5K | +46.1% |
| 2 Bedrooms | $260K | $235K | -9.6% |
| 3 Bedrooms | $425.5K | $459.7K | +8.0% |
| 4 Bedrooms | $510K | $549K | +7.6% |
| 5+ Bedrooms | $1.1M | $730.5K | -34.2% |
Summary: Nelson County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.1%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 34.2%.
Median Sold Price Compared To Nearby Counties
| Amherst County | $246.5K | $262.5K | +6.5% |
| Albemarle County | $503.7K | $535.7K | +6.3% |
| Buckingham County | $270K | $286.5K | +6.1% |
| Nelson County | $450K | $475K | +5.6% |
Housing Supply in Nelson County, VA
How many homes are available in Nelson County, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 125 | 142 | +13.6% |
Summary: The Nelson County real estate market had 142 homes for sale in October 2024, a 13.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 20 | 23 | +15.0% |
| 3 Bedrooms | 47 | 52 | +10.6% |
| 4 Bedrooms | 34 | 36 | +5.9% |
| 5+ Bedrooms | 17 | 24 | +41.2% |
Summary: The Nelson County 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 increased by 15%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 41.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 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. 47.4% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Nelson County in October 2024, up by 11.1% month-over-month. Of the 19 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 38 Days | +33.2% |
Summary: Homes in Nelson County had an average of 38 days on market in Oct 2024, up by 33.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 20 homes were sold in Nelson County; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
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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.