$45,000
2.30 Acres
Land
Joey Wray, Listing Office: Valentine Properties
Is Prince Edward 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, Prince Edward County was a Buyer's Market.
Key Takeaway
Prince Edward County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Prince Edward County, VA
How much do homes in Prince Edward County, VA cost?
Median Sold Price
$300,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,000(+11.9%)
Key Takeaway
Homes in Prince Edward County have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Prince Edward County was $300,000 in November 2024, up 11.9% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $305K | +221.1% |
| 2 Bedrooms | $136.5K | $174.9K | +28.2% |
| 3 Bedrooms | $261.5K | $297K | +13.6% |
| 4 Bedrooms | $309K | $342K | +10.7% |
| 5+ Bedrooms | $364.5K | $472.5K | +29.6% |
Summary: Prince Edward County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 221.1%, 2 bedroom homes increased by 28.2%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 29.6%.
Median Sold Price Compared To Nearby Counties
| Prince Edward County | $268K | $300K | +11.9% |
| Appomattox County | $269.9K | $282.4K | +4.6% |
| Cumberland County | $286.8K | $300K | +4.6% |
| Charlotte County | $414.7K | $247K | -40.4% |
Housing Supply in Prince Edward County, VA
How many homes are available in Prince Edward County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 92 | -4.2% |
Summary: The Prince Edward County real estate market had 92 homes for sale in November 2024, a 4.2% decrease 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 | 8 | 6 | -25.0% |
| 3 Bedrooms | 58 | 57 | -1.7% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Prince Edward 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 decreased by 25%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 14 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prince Edward County, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Prince Edward County in November 2024, down by 33.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Prince Edward County, VA
How long does it take to sell a home in Prince Edward County, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 70 Days | +211.8% |
Summary: Homes in Prince Edward County had an average of 70 days on market in Nov 2024, up by 211.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Prince Edward County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Prince Edward County; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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