$2,078 Closing Credit*
$175,000
2,238 SqFt
3 Beds
•2 Full Baths
Christopher Lawrence, Listing Office: Trillionaire Realty
Is Patrick Springs, 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 Springs has remained a Seller's Market.
Key Takeaway
Patrick Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Patrick Springs, VA
How much do homes in Patrick Springs, VA cost?
Median Sold Price
$199,900
$177/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$410,100(-67.2%)
Key Takeaway
Homes in Patrick Springs have sold for 67.2% less than they did a month ago.
Summary: The median home sold price in Patrick Springs was $199,900 in October 2024, down 67.2% 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 | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $199.9K | N/A |
| 4 Bedrooms | - | $585K | N/A |
| 5+ Bedrooms | $610K | - | N/A |
Summary: Patrick Springs 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 did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Blackberry | $296K | $175K | -40.9% |
| Patrick Springs | $610K | $199.9K | -67.2% |
| Mayo River | $610K | $199.9K | -67.2% |
Housing Supply in Patrick Springs, VA
How many homes are available in Patrick Springs, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The Patrick Springs real estate market had 8 homes for sale in October 2024, a 14.3% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Patrick Springs 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Patrick Springs, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Patrick Springs in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Patrick Springs, VA
How long does it take to sell a home in Patrick Springs, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 136 Days | 25 Days | -81.6% |
Summary: Homes in Patrick Springs 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 Springs are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Patrick Springs; 33% 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.