Is Piankatank, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Piankatank is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Piankatank has remained a Buyer's Market.

Key Takeaway

Piankatank is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Piankatank, VA

How much do homes in Piankatank, VA cost?

Median Sold Price

$306,450

$246/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$19,550(-6.0%)

Key Takeaway

Homes in Piankatank have sold for 6% less than they did a month ago.

Summary: The median home sold price in Piankatank was $306,450 in October 2024, down 6% from last month, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$225K
N/A
3 -$349.9K
N/A
4 $326K-
N/A
5+ --
N/A

Summary: Piankatank 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.

Housing Supply in Piankatank, VA

How many homes are available in Piankatank, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3649+36.1%

Summary: The Piankatank real estate market had 49 homes for sale in October 2024, a 36.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 14
+300.0%
3 2433
+37.5%
4 87
-12.5%
5+ 34
+33.3%

Summary: The Piankatank housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Piankatank, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Piankatank in October 2024, up by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Piankatank, VA

How long does it take to sell a home in Piankatank, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
11 Days32 Days+195.5%

Summary: Homes in Piankatank had an average of 32 days on market in Oct 2024, up by 195.5% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Piankatank are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Piankatank; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Piankatank, VA

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