$4,900,000
1410.00 Acres
Land
Chuck Carlisle, Listing Office: Carlisle Real Estate
Is Powhatan County, 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, Powhatan County was a Neutral Market.
Key Takeaway
Powhatan County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Powhatan County, VA
How much do homes in Powhatan County, VA cost?
Median Sold Price
$451,250
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,628(+5.0%)
Key Takeaway
Homes in Powhatan County have sold for 5% more than they did a year ago.
Summary: The median home sold price in Powhatan County was $451,250 in November 2024, up 5% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.9K | $275K | +44.8% |
| 2 Bedrooms | $285K | $329.9K | +15.8% |
| 3 Bedrooms | $351.2K | $384.5K | +9.5% |
| 4 Bedrooms | $575K | $578K | 0.5% |
| 5+ Bedrooms | $780K | $714.9K | -8.3% |
Summary: Powhatan County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.8%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Counties
| Amelia County | $305K | $339K | +11.1% |
| Goochland County | $522.4K | $579.9K | +11.0% |
| Henrico County | $394.3K | $430.7K | +9.2% |
| Powhatan County | $429.6K | $451.2K | +5.0% |
| Cumberland County | $286.8K | $300K | +4.6% |
Housing Supply in Powhatan County, VA
How many homes are available in Powhatan County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 101 | +7.4% |
Summary: The Powhatan County real estate market had 101 homes for sale in November 2024, a 7.4% 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 | 4 | +100.0% |
| 3 Bedrooms | 50 | 54 | +8.0% |
| 4 Bedrooms | 34 | 35 | +2.9% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Powhatan County 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 increased by 8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Powhatan County, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Powhatan County in November 2024, down by 4.3% month-over-month. Of the 22 sold homes, 32% were sold under asking, 23% were sold at asking, and 45% were sold over asking.
Days on Market for Powhatan County, VA
How long does it take to sell a home in Powhatan County, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 40 Days | +60.6% |
Summary: Homes in Powhatan County had an average of 40 days on market in Nov 2024, up by 60.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Powhatan County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Powhatan County; 59% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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