$10,000 Closing Credit*
$1,200,000
2,750 SqFt
3 Beds
•2 Full Baths, 1 Partial
Sarah Anne Hurst, Listing Office: Coldwell Banker Elite
Is South Anna, 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, South Anna has remained a Seller's Market.
Key Takeaway
South Anna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Anna, VA
How much do homes in South Anna, VA cost?
Median Sold Price
$519,500
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$51,040(+10.9%)
Key Takeaway
Homes in South Anna have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in South Anna was $519,500 in October 2024, up 10.9% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.9K | $263K | +9.6% |
| 2 Bedrooms | $288.3K | $349.9K | +21.4% |
| 3 Bedrooms | $398.7K | $475K | +19.1% |
| 4 Bedrooms | $575K | $649.4K | +12.9% |
| 5+ Bedrooms | $820K | $838.6K | +2.3% |
Summary: South Anna housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Three Chopt | $468.3K | $533.9K | +14.0% |
| South Anna | $468.4K | $519.5K | +10.9% |
| Brookland | $350.1K | $386.2K | +10.3% |
| Glen Allen | $469.4K | $508.3K | +8.3% |
| Beaverdam | $557K | $556K | -0.2% |
Housing Supply in South Anna, VA
How many homes are available in South Anna, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 119 | +9.2% |
Summary: The South Anna real estate market had 119 homes for sale in October 2024, a 9.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 28 | 32 | +14.3% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 31 | 37 | +19.4% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The South Anna 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 14.3%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 20 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Anna, you could pay more than the asking price. 45% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in South Anna in October 2024, up by 66.7% month-over-month. Of the 20 sold homes, 20% were sold under asking, 35% were sold at asking, and 45% were sold over asking.
Days on Market for South Anna, VA
How long does it take to sell a home in South Anna, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 17 Days | -45.7% |
Summary: Homes in South Anna had an average of 17 days on market in Oct 2024, down by 45.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Anna are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in South Anna; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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