$2,725 Closing Credit*
$229,500
958 SqFt
3 Beds
•1 Full Bath
Listing Office: NEXTHOME TWOFOURFIVE
Is Preston Park, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Preston Park has remained a Seller's Market.
Key Takeaway
Preston Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Preston Park, VA
How much do homes in Preston Park, VA cost?
Median Sold Price
$237,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$37,000(+18.5%)
Key Takeaway
Homes in Preston Park have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in Preston Park was $237,000 in September 2024, up 18.5% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170.5K | $187K | +9.7% |
| 3 Bedrooms | $202.5K | $235K | +16.0% |
| 4 Bedrooms | $238.9K | $260K | +8.8% |
| 5+ Bedrooms | $272K | $243K | -10.7% |
Summary: Preston Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Preston Park | $200K | $237K | +18.5% |
| Williamson Road | $159.9K | $179.9K | +12.5% |
| Monterey | $241K | $271K | +12.4% |
Housing Supply in Preston Park, VA
How many homes are available in Preston Park, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The Preston Park real estate market had 23 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Preston Park housing inventory by bedroom type for September 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 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Preston Park, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Preston Park in September 2024, down by 22.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Preston Park, 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.