$10,000 Closing Credit*
$900,000
5,703 SqFt
5 Beds
•3 Full Baths, 1 Partial
Jeremy Cecchettini, Listing Office: Real Broker LLC
Is Rives, 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, Rives was a Seller's Market.
Key Takeaway
Rives is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Rives, VA
How much do homes in Rives, VA cost?
Median Sold Price
$311,200
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,200(+15.3%)
Key Takeaway
Homes in Rives have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in Rives was $311,200 in October 2024, up 15.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $259K | $294.9K | +13.9% |
| 4 Bedrooms | $309.9K | $365K | +17.8% |
| 5+ Bedrooms | $750K | $476K | -36.5% |
Summary: Rives 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 13.9%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes decreased by 36.5%.
Median Sold Price Compared To Nearby Cities
| Petersburg | $185.3K | $214.9K | +16.0% |
| Rives | $270K | $311.2K | +15.3% |
| Templeton | $339.4K | $385K | +13.4% |
| Prince George | $325K | $330K | +1.5% |
Housing Supply in Rives, VA
How many homes are available in Rives, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 26 | +36.8% |
Summary: The Rives real estate market had 26 homes for sale in October 2024, a 36.8% 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 | 11 | +22.2% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Rives 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 22.2%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 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. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Rives in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 16 Days | +60.7% |
Summary: Homes in Rives had an average of 16 days on market in Oct 2024, up by 60.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were 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 October 2024, 4 homes were sold in Rives; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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