$6,531 Closing Credit*
$549,950
2,604 SqFt
5 Beds
•4 Full Baths
Listing Office: ADVANTAGE REALTY LLC
Is Patrick County, 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, Patrick County has remained a Seller's Market.
Key Takeaway
Patrick County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Patrick County, VA
How much do homes in Patrick County, VA cost?
Median Sold Price
$259,600
$177/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$140,400(-35.1%)
Key Takeaway
Homes in Patrick County have sold for 35.1% less than they did a month ago.
Summary: The median home sold price in Patrick County was $259,600 in October 2024, down 35.1% from last month, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $311K | - | N/A |
| 2 Bedrooms | $400K | - | N/A |
| 3 Bedrooms | - | $199.9K | N/A |
| 4 Bedrooms | $205.7K | $465K | +126.1% |
| 5+ Bedrooms | $610K | - | N/A |
Summary: Patrick County housing prices by bedroom type for October 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 did not change, 4 bedroom homes increased by 126.1%, and 5+ bedroom homes did not change.
Housing Supply in Patrick County, VA
How many homes are available in Patrick County, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Summary: The Patrick County real estate market had 23 homes for sale in October 2024, a 15.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 6 | 11 | +83.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Patrick County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 83.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Patrick County, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Patrick County in October 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Patrick County, VA
How long does it take to sell a home in Patrick County, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 136 Days | 25 Days | -81.6% |
Summary: Homes in Patrick County had an average of 25 days on market in Oct 2024, down by 81.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Patrick County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Patrick County; 20% 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.
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. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved