$45,000
2.30 Acres
Land
Joey Wray, Listing Office: Valentine Properties
Is Rice, 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, Rice has remained a Seller'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
$299,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$74,000(+32.9%)
Key Takeaway
Homes in Rice have sold for 32.9% more than they did a year ago.
Summary: The median home sold price in Rice was $299,000 in November 2024, up 32.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $225K | $278K | +23.6% |
| 4 Bedrooms | $241.5K | $405K | +67.7% |
| 5+ Bedrooms | $1.1M | $472.5K | -57.0% |
Summary: Rice 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 did not change, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 67.7%, and 5+ bedroom homes decreased by 57%.
Median Sold Price Compared To Nearby Cities
| Rice | $225K | $299K | +32.9% |
| Amelia Court House | $305K | $339K | +11.1% |
| Jetersville | $320K | $328K | +2.5% |
Housing Supply in Rice, VA
How many homes are available in Rice, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Rice real estate market had 9 homes for sale in November 2024, a 18.2% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rice 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 decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rice, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Rice in November 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 100% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 14 Days | -16.2% |
Summary: Homes in Rice had an average of 14 days on market in Nov 2024, down by 16.2% compared to last year.
Breakdown of Home Sale Times
3 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 Rice are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Rice; 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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