$3,551 Closing Credit*
$299,000
1,440 SqFt
3 Beds
•2 Full Baths
Listing Office: PEMBELTON REALTY, INC
Is Rice, 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, Rice was a Buyer's Market.
Key Takeaway
Rice is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rice, VA
How much do homes in Rice, VA cost?
Median Sold Price
$278,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$53,000(+23.6%)
Key Takeaway
Homes in Rice have sold for 23.6% more than they did a year ago.
Summary: The median home sold price in Rice was $278,000 in October 2024, up 23.6% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $222.5K | $275K | +23.6% |
| 4 Bedrooms | $278.7K | $345K | +23.8% |
| 5+ Bedrooms | $1.1M | $472.5K | -57.0% |
Summary: Rice housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 57%.
Median Sold Price Compared To Nearby Cities
| Rice | $225K | $278K | +23.6% |
| Amelia Court House | $305K | $334K | +9.5% |
Housing Supply in Rice, VA
How many homes are available in Rice, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The Rice real estate market had 11 homes for sale in October 2024, a 10.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rice 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 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rice, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Rice in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rice, VA
How long does it take to sell a home in Rice, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 52 Days | +228.1% |
Summary: Homes in Rice had an average of 52 days on market in Oct 2024, up by 228.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rice has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Rice; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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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.