$4,382 Closing Credit*
$369,000
2,402 SqFt
4 Beds
•3 Full Baths
Navona Hart, Listing Office: Century 21 Realty @ Home
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 October 2023
At the same time last year, Prince Edward County was a Neutral Market.
Key Takeaway
Prince Edward County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Prince Edward County, VA
How much do homes in Prince Edward County, VA cost?
Median Sold Price
$300,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+13.2%)
Key Takeaway
Homes in Prince Edward County have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Prince Edward County was $300,000 in October 2024, up 13.2% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $305K | +221.1% |
| 2 Bedrooms | $136.5K | $159.9K | +17.1% |
| 3 Bedrooms | $260K | $290.7K | +11.8% |
| 4 Bedrooms | $309K | $339K | +9.7% |
| 5+ Bedrooms | $364.5K | $472.5K | +29.6% |
Summary: Prince Edward County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 221.1%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 29.6%.
Median Sold Price Compared To Nearby Counties
| Prince Edward County | $265K | $300K | +13.2% |
| Cumberland County | $284.9K | $298.4K | +4.7% |
| Appomattox County | $269.9K | $279K | +3.4% |
| Charlotte County | $366.5K | $274.5K | -25.1% |
Housing Supply in Prince Edward County, VA
How many homes are available in Prince Edward County, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 90 | 96 | +6.7% |
Summary: The Prince Edward County real estate market had 96 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 54 | 57 | +5.6% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Prince Edward County housing inventory by bedroom type for October 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 5.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 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. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Prince Edward County in October 2024, up by 25.0% month-over-month. Of the 20 sold homes, 45% were sold under asking, 20% were sold at asking, and 35% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 85 Days | +256.9% |
Summary: Homes in Prince Edward County had an average of 85 days on market in Oct 2024, up by 256.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Prince Edward County has remained consistent over time.
Summary: During October 2024, 20 homes were sold in Prince Edward County; 30% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
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