$4,032 Closing Credit*
$339,500
1,021 SqFt
2 Beds
•2 Full Baths
Ralph Marion Harvey III, Listing Office: ListWithFreedom.com
Is Seminary Hill / Strawberry Hill, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Seminary Hill / Strawberry Hill has remained a Seller's Market.
Key Takeaway
Seminary Hill / Strawberry Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seminary Hill / Strawberry Hill, VA
How much do homes in Seminary Hill / Strawberry Hill, VA cost?
Median Sold Price
$599,450
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,450(+9.2%)
Key Takeaway
Homes in Seminary Hill / Strawberry Hill have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Seminary Hill / Strawberry Hill was $599,450 in October 2024, up 9.2% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $198K | $215.2K | +8.7% |
| 2 Bedrooms | $430K | $425K | -1.2% |
| 3 Bedrooms | $622K | $635K | +2.1% |
| 4 Bedrooms | $770K | $905K | +17.5% |
| 5+ Bedrooms | $1.3M | $1.2M | -5.8% |
Summary: Seminary Hill / Strawberry Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Seminary Hill / Strawberry Hill | $549K | $599.4K | +9.2% |
| Seminary Hill | $1.1M | $1.0M | -3.1% |
Housing Supply in Seminary Hill / Strawberry Hill, VA
How many homes are available in Seminary Hill / Strawberry Hill, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 55 | +5.8% |
Summary: The Seminary Hill / Strawberry Hill real estate market had 55 homes for sale in October 2024, a 5.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 16 | 21 | +31.3% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Seminary Hill / Strawberry Hill 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 increased by 31.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seminary Hill / Strawberry Hill, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Seminary Hill / Strawberry Hill in October 2024, down by 5.9% month-over-month. Of the 16 sold homes, 44% were sold under asking, 25% were sold at asking, and 31% were sold over asking.
Days on Market for Seminary Hill / Strawberry Hill, VA
How long does it take to sell a home in Seminary Hill / Strawberry Hill, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 17 Days | +26.8% |
Summary: Homes in Seminary Hill / Strawberry Hill had an average of 17 days on market in Oct 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seminary Hill / Strawberry Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Seminary Hill / Strawberry Hill; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.