$3,088 Closing Credit*
$260,000
960 SqFt
3 Beds
•1 Full Bath
Courtney Schroeder, Listing Office: Southern Home Realty LLC
Is Reedy Church, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Reedy Church has remained a Seller's Market.
Key Takeaway
Reedy Church is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reedy Church, VA
How much do homes in Reedy Church, VA cost?
Median Sold Price
$309,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,000(+12.4%)
Key Takeaway
Homes in Reedy Church have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Reedy Church was $309,000 in November 2024, up 12.4% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $207.9K | $359.9K | +73.1% |
| 3 Bedrooms | $275K | $295K | +7.3% |
| 4 Bedrooms | $339.9K | $376.9K | +10.9% |
| 5+ Bedrooms | - | $400K | N/A |
Summary: Reedy Church housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 73.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Doswell | $352K | $457.5K | +30.0% |
| Reedy Church | $275K | $309K | +12.4% |
| Ruther Glen | $326.3K | $350K | +7.2% |
| Beaverdam | $548.3K | $571.3K | +4.2% |
| Mattaponi | $342.4K | $351.4K | +2.6% |
Housing Supply in Reedy Church, VA
How many homes are available in Reedy Church, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Summary: The Reedy Church real estate market had 29 homes for sale in November 2024, a 3.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Reedy Church 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 remained the same, 3 bedroom homes increased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reedy Church, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Reedy Church in November 2024, up by 40.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 57% were sold at asking, and 29% were sold over asking.
Days on Market for Reedy Church, VA
How long does it take to sell a home in Reedy Church, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 10 Days | -44.6% |
Summary: Homes in Reedy Church had an average of 10 days on market in Nov 2024, down by 44.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Reedy Church are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Reedy Church; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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