$2,968 Closing Credit*
$249,900
1,087 SqFt
3 Beds
•1 Full Bath
ALLAN EBELL, Listing Office: HOMESELL REALTY
Is South River, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, South River has remained a Seller's Market.
Key Takeaway
South River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South River, VA
How much do homes in South River, VA cost?
Median Sold Price
$372,500
$187/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$41,050(+12.4%)
Key Takeaway
Homes in South River have sold for 12.4% more than they did a month ago.
Summary: The median home sold price in South River was $372,500 in October 2024, up 12.4% from last month, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $339.9K | - | N/A |
| 3 Bedrooms | $323K | $365K | +13.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $685K | N/A |
Summary: South River 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 13%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| South River | $331.4K | $372.5K | +12.4% |
| North | $509.5K | $544K | +6.8% |
| Stuarts Draft | $314K | $332.5K | +5.9% |
Housing Supply in South River, VA
How many homes are available in South River, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The South River real estate market had 14 homes for sale in October 2024, a 12.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The South River 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 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South River, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in South River in October 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for South River, VA
How long does it take to sell a home in South River, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 2 Days | -91.5% |
Summary: Homes in South River had an average of 2 days on market in Oct 2024, down by 91.5% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South River are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in South River; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.