Is Rye Valley, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rye Valley is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Rye Valley was a Neutral Market.

Key Takeaway

Rye Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rye Valley, VA

How much do homes in Rye Valley, VA cost?

Median Sold Price

$410,492

$197/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$492(+0.1%)

Key Takeaway

The sold price of homes in Rye Valley has remained the same since last month.

Summary: The median home sold price in Rye Valley was $410,492 in October 2024, up 0.1% from last month, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$114.9K
N/A
3 $410K$706K
+72.2%
4 --
N/A
5+ --
N/A

Summary: Rye Valley housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 72.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Rye Valley, VA

How many homes are available in Rye Valley, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
76-14.3%

Summary: The Rye Valley real estate market had 6 homes for sale in October 2024, a 14.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 65
-16.7%
4 00
0.0%
5+ 00
0.0%

Summary: The Rye Valley 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 decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rye Valley, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Rye Valley in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Rye Valley, VA

How long does it take to sell a home in Rye Valley, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
529 Days74 Days-85.9%

Summary: Homes in Rye Valley had an average of 74 days on market in Oct 2024, down by 85.9% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rye Valley has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Rye Valley; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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