$5,284 Closing Credit*
$445,000
1,612 SqFt
3 Beds
•2 Full Baths
Miguel Collado, Listing Office: Howard Hanna William E Wood
Is Piankatank, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Piankatank was a Seller'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
$320,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,000(-0.9%)
Key Takeaway
Homes in Piankatank have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Piankatank was $320,000 in November 2024, down 0.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $596.5K | - | N/A |
| 2 Bedrooms | $301.9K | $161K | -46.7% |
| 3 Bedrooms | $342K | $312.5K | -8.6% |
| 4 Bedrooms | $370K | $650K | +75.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Piankatank housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 46.7%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 75.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Piankatank | $323K | $320K | -0.9% |
| Westville | $426.4K | $415K | -2.7% |
| Cobbs Creek | $350.9K | $178K | -49.3% |
Housing Supply in Piankatank, VA
How many homes are available in Piankatank, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 53 | +15.2% |
Summary: The Piankatank real estate market had 53 homes for sale in November 2024, a 15.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 32 | 37 | +15.6% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Piankatank 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 remained the same, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Piankatank, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Piankatank in November 2024, down by 33.3% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 13 Days | -28.3% |
Summary: Homes in Piankatank had an average of 13 days on market in Nov 2024, down by 28.3% 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 Piankatank are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Piankatank; 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.
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