$8,312 Closing Credit*
$699,950
2,080 SqFt
3 Beds
•2 Full Baths, 2 Partial
Cynthia Schneider, Listing Office: Long & Foster Real Estate, Inc.
Is Rose Hill, 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, Rose Hill has remained a Seller's Market.
Key Takeaway
Rose Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rose Hill, VA
How much do homes in Rose Hill, VA cost?
Median Sold Price
$669,925
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,008(+7.0%)
Key Takeaway
Homes in Rose Hill have sold for 7% more than they did a year ago.
Summary: The median home sold price in Rose Hill was $669,925 in November 2024, up 7% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $298K | +6.4% |
| 2 Bedrooms | $410K | $435K | +6.1% |
| 3 Bedrooms | $625K | $657.4K | +5.2% |
| 4 Bedrooms | $696.5K | $750K | +7.7% |
| 5+ Bedrooms | $863.2K | $850K | -1.5% |
Summary: Rose Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in Rose Hill, VA
How many homes are available in Rose Hill, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 120 | 117 | -2.5% |
Summary: The Rose Hill real estate market had 117 homes for sale in November 2024, a 2.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 24 | 24 | 0.0% |
| 3 Bedrooms | 52 | 55 | +5.8% |
| 4 Bedrooms | 32 | 26 | -18.8% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Rose Hill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 35 | -16.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rose Hill, you could pay more than the asking price. 45.7% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Rose Hill in November 2024, down by 16.7% month-over-month. Of the 35 sold homes, 23% were sold under asking, 31% were sold at asking, and 46% were sold over asking.
Days on Market for Rose Hill, VA
How long does it take to sell a home in Rose Hill, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 16 Days | -12.5% |
Summary: Homes in Rose Hill had an average of 16 days on market in Nov 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rose Hill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 35 homes were sold in Rose Hill; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
