$3,978 Closing Credit*
$335,000
2,100 SqFt
3 Beds
•2 Full Baths
Neil Rubsam, Listing Office: Century 21 Redwood Realty
Is Patrick Henry, 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, Patrick Henry was a Seller's Market.
Key Takeaway
Patrick Henry is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Patrick Henry, VA
How much do homes in Patrick Henry, VA cost?
Median Sold Price
$365,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,025(+10.6%)
Key Takeaway
Homes in Patrick Henry have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Patrick Henry was $365,000 in October 2024, up 10.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $198.9K | $199.2K | 0.2% |
| 3 Bedrooms | $323.5K | $339.5K | +4.9% |
| 4 Bedrooms | $360K | $420K | +16.7% |
| 5+ Bedrooms | $574.9K | $800K | +39.2% |
Summary: Patrick Henry housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 39.2%.
Median Sold Price Compared To Nearby Cities
| Patrick Henry | $329.9K | $365K | +10.6% |
| Louisa | $344.9K | $360.6K | +4.5% |
| Green Spring | $462.5K | $452K | -2.3% |
| Gordonsville | $456K | $425K | -6.8% |
Housing Supply in Patrick Henry, VA
How many homes are available in Patrick Henry, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 28 | +55.6% |
Summary: The Patrick Henry real estate market had 28 homes for sale in October 2024, a 55.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 3 | +100.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Patrick Henry 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 100%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Patrick Henry, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Patrick Henry in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Patrick Henry, VA
How long does it take to sell a home in Patrick Henry, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 86 Days | 18 Days | -78.8% |
Summary: Homes in Patrick Henry had an average of 18 days on market in Oct 2024, down by 78.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Patrick Henry are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Patrick Henry; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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. 
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