$6,827 Closing Credit*
$574,900
3,526 SqFt
4 Beds
•3 Full Baths, 1 Partial
Amy Cherry Taylor, Listing Office: Porch & Stable Realty, LLC
Is South River, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, South River was a Seller's Market.
Key Takeaway
South River is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South River, VA
How much do homes in South River, VA cost?
Median Sold Price
$362,500
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,500(+5.1%)
Key Takeaway
Homes in South River have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in South River was $362,500 in October 2024, up 5.1% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | - | N/A |
| 2 Bedrooms | $218K | $283K | +29.8% |
| 3 Bedrooms | $364K | $350K | -3.8% |
| 4 Bedrooms | $460K | $404.5K | -12.1% |
| 5+ Bedrooms | $448K | $1.0M | +125.4% |
Summary: South River 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 increased by 29.8%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes increased by 125.4%.
Median Sold Price Compared To Nearby Cities
| Fork | $362.5K | $410K | +13.1% |
| Front Royal | $349.3K | $379.2K | +8.6% |
| South River | $345K | $362.5K | +5.1% |
| Bentonville | $422.5K | $374.9K | -11.3% |
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 |
|---|---|---|
| 29 | 37 | +27.6% |
Summary: The South River real estate market had 37 homes for sale in October 2024, a 27.6% increase 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 18 | 23 | +27.8% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
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 increased by 25%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South River, you could pay more than the asking price. 75% of homes here sold above 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, 25% were sold under asking, 0% were sold at asking, and 75% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 15 Days | +37.0% |
Summary: Homes in South River had an average of 15 days on market in Oct 2024, up by 37% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was 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; 75% of homes were sold within 30 days, 25% 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.