$4,900,000
1410.00 Acres
Land
Chuck Carlisle, Listing Office: Carlisle Real Estate
Is Powhatan, 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 was a Neutral Market.
Key Takeaway
Powhatan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Powhatan, VA
How much do homes in Powhatan, VA cost?
Median Sold Price
$451,250
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,821(+5.1%)
Key Takeaway
Homes in Powhatan have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Powhatan was $451,250 in November 2024, up 5.1% 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 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 Cities
| Amelia Court House | $305K | $339K | +11.1% |
| Powhatan | $429.4K | $451.2K | +5.1% |
| Moseley | $576.5K | $581.9K | +0.9% |
Housing Supply in Powhatan, VA
How many homes are available in Powhatan, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 101 | +7.4% |
Summary: The Powhatan 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 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, 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 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, VA
How long does it take to sell a home in Powhatan, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 40 Days | +60.6% |
Summary: Homes in Powhatan 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 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Powhatan; 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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