$1,188 Closing Credit*
$100,000
900 SqFt
1 Bed
•1 Full Bath
Listing Office: REAL BROKER LLC - DGA-SALEM
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
$151,000
$122/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$48,900(-24.5%)
Key Takeaway
Homes in Patrick Springs have sold for 24.5% less than they did a month ago.
Summary: The median home sold price in Patrick Springs was $151,000 in November 2024, down 24.5% from last month, and the median price per square foot was $122.
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 | - | N/A |
| 4 Bedrooms | $585K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Patrick Springs 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Patrick Springs | $199.9K | $151K | -24.5% |
| Mayo River | $199.9K | $151K | -24.5% |
| Blackberry | $175K | $109K | -37.7% |
Housing Supply in Patrick Springs, VA
How many homes are available in Patrick Springs, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Patrick Springs real estate market had 5 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Patrick Springs housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Patrick Springs, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Patrick Springs in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Patrick Springs, VA
We’re sorry, we don't have information for this market at the moment
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.