Is Samuel Miller, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Samuel Miller is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Samuel Miller has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Samuel Miller, VA

How much do homes in Samuel Miller, VA cost?

Median Sold Price

$825,000

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$19,500(-2.3%)

Key Takeaway

Homes in Samuel Miller have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in Samuel Miller was $825,000 in October 2024, down 2.3% from last year, and the median price per square foot was $273.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $751K-
N/A
2 $415K$390K
-6.0%
3 $504.4K$520K
+3.1%
4 $805K$870K
+8.1%
5+ $1.4M$1.3M
-8.0%

Summary: Samuel Miller 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 decreased by 6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 8%.

Median Sold Price Compared To Nearby Cities

Charlottesville
+8.6%
Charlottesville
+8.5%
Samuel Miller
-2.3%
Jack Jouett
-9.9%

Housing Supply in Samuel Miller, VA

How many homes are available in Samuel Miller, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
45450.0%

Summary: The Samuel Miller real estate market had 45 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 52
-60.0%
3 1817
-5.6%
4 1114
+27.3%
5+ 1112
+9.1%

Summary: The Samuel Miller 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 decreased by 60%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Samuel Miller, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Samuel Miller in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.

Days on Market for Samuel Miller, VA

How long does it take to sell a home in Samuel Miller, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days22 Days-38.3%

Summary: Homes in Samuel Miller had an average of 22 days on market in Oct 2024, down by 38.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Samuel Miller are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in Samuel Miller; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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 20 Days Ago

Newest Listings in Samuel Miller, VA

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