$6,519 Closing Credit*
$549,000
2,450 SqFt
3 Beds
•2 Full Baths, 1 Partial
Fielding Quarles, Listing Office: Providence Hill Real Estate
Is Rives, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Rives was a Seller's Market.
Key Takeaway
Rives is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rives, VA
How much do homes in Rives, VA cost?
Median Sold Price
$315,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$48,500(+18.2%)
Key Takeaway
Homes in Rives have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in Rives was $315,000 in November 2024, up 18.2% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $260K | $297.5K | +14.4% |
| 4 Bedrooms | $317.4K | $365K | +15.0% |
| 5+ Bedrooms | $750K | $412K | -45.1% |
Summary: Rives 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 14.4%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 45.1%.
Median Sold Price Compared To Nearby Cities
| Rives | $266.5K | $315K | +18.2% |
| Petersburg | $187.5K | $213K | +13.6% |
| Prince George | $323.9K | $335K | +3.4% |
Housing Supply in Rives, VA
How many homes are available in Rives, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Rives real estate market had 23 homes for sale in November 2024, a 4.2% 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 | 12 | 12 | 0.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Rives 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 remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
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 Rives, 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 Rives in November 2024, down by 50.0% 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 Rives, VA
How long does it take to sell a home in Rives, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 38 Days | +112.2% |
Summary: Homes in Rives had an average of 38 days on market in Nov 2024, up by 112.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rives are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Rives; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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