$1,188 Closing Credit*
$100,000
900 SqFt
1 Bed
•1 Full Bath
Listing Office: REAL BROKER LLC - DGA-SALEM
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
$426,000
$219/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$166,400(+64.1%)
Key Takeaway
Homes in Patrick County have sold for 64.1% more than they did a month ago.
Summary: The median home sold price in Patrick County was $426,000 in November 2024, up 64.1% from last month, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $151K | N/A |
| 3 Bedrooms | $199.9K | $452.1K | +126.2% |
| 4 Bedrooms | $465K | $594.9K | +27.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Patrick County housing prices by bedroom type for November 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 increased by 126.2%, 4 bedroom homes increased by 27.9%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Patrick County real estate market had 20 homes for sale in November 2024, a 5.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 1 | 5 | +400.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Patrick County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 400%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Patrick County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Patrick County in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 9 Days | -64.0% |
Summary: Homes in Patrick County had an average of 9 days on market in Nov 2024, down by 64% 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 November 2024, 4 homes were sold in Patrick County; 25% 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. 
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