$2,672 Closing Credit*
$225,000
2,064 SqFt
4 Beds
•1 Full Bath, 1 Partial
Kathryn Oti, Listing Office: Rashkind Saunders & Co.
Is South Side, 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 Side has remained a Seller's Market.
Key Takeaway
South Side is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Side, VA
How much do homes in South Side, VA cost?
Median Sold Price
$320,140
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,440(+12.8%)
Key Takeaway
Homes in South Side have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in South Side was $320,140 in October 2024, up 12.8% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.7K | $255K | +2.9% |
| 2 Bedrooms | $220K | $230.4K | +4.8% |
| 3 Bedrooms | $279.9K | $314.6K | +12.4% |
| 4 Bedrooms | $350K | $415K | +18.6% |
| 5+ Bedrooms | $562.5K | $508.8K | -9.5% |
Summary: South Side housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes decreased by 9.5%.
Housing Supply in South Side, VA
How many homes are available in South Side, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 336 | 351 | +4.5% |
Summary: The South Side real estate market had 351 homes for sale in October 2024, a 4.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 64 | 67 | +4.7% |
| 3 Bedrooms | 190 | 195 | +2.6% |
| 4 Bedrooms | 67 | 71 | +6.0% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The South Side housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 70 | -6.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Side, you could pay more than the asking price. 51.4% of homes here sold above asking price last month.
Summary: A total of 70 homes were sold or pending in South Side in October 2024, down by 6.7% month-over-month. Of the 70 sold homes, 27% were sold under asking, 21% were sold at asking, and 51% were sold over asking.
Days on Market for South Side, VA
How long does it take to sell a home in South Side, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 21 Days | -6.6% |
Summary: Homes in South Side had an average of 21 days on market in Oct 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Side are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 70 homes were sold in South Side; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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