Is Rhoadesville, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rhoadesville is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Rhoadesville has remained a Seller's Market.

Key Takeaway

Rhoadesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rhoadesville, VA

How much do homes in Rhoadesville, VA cost?

Median Sold Price

$561,940

$194/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$46,765(+9.1%)

Key Takeaway

Homes in Rhoadesville have sold for 9.1% more than they did a month ago.

Summary: The median home sold price in Rhoadesville was $561,940 in October 2024, up 9.1% from last month, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$449K
N/A
4 $515.1K$598.5K
+16.2%
5+ --
N/A

Summary: Rhoadesville housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes did not change.

Housing Supply in Rhoadesville, VA

How many homes are available in Rhoadesville, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1517+13.3%

Summary: The Rhoadesville real estate market had 17 homes for sale in October 2024, a 13.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 69
+50.0%
4 87
-12.5%
5+ 11
0.0%

Summary: The Rhoadesville 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 50%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rhoadesville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Rhoadesville in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Rhoadesville, VA

How long does it take to sell a home in Rhoadesville, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
29 Days52 Days+79.3%

Summary: Homes in Rhoadesville had an average of 52 days on market in Oct 2024, up by 79.3% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rhoadesville are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in Rhoadesville; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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