$59,900
2.90 Acres
Land
Michelle Ford, Listing Office: Century 21 ALL-SERVICE-APP
Is Spout Spring, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Spout Spring was a Neutral Market.
Key Takeaway
Spout Spring is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spout Spring, VA
How much do homes in Spout Spring, VA cost?
Median Sold Price
$359,900
$229/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$49,900(+16.1%)
Key Takeaway
Homes in Spout Spring have sold for 16.1% more than they did a month ago.
Summary: The median home sold price in Spout Spring was $359,900 in November 2024, up 16.1% from last month, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $310K | $359.9K | +16.1% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Spout Spring housing prices by bedroom type for November 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 16.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Falling River | $293.7K | $535K | +82.1% |
| Spout Spring | $310K | $359.9K | +16.1% |
Housing Supply in Spout Spring, VA
How many homes are available in Spout Spring, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The Spout Spring real estate market had 7 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Spout Spring housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Spout Spring, 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 Spout Spring in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Spout Spring, VA
How long does it take to sell a home in Spout Spring, VA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 184 Days | 55 Days | -70.1% |
Summary: Homes in Spout Spring had an average of 55 days on market in Nov 2024, down by 70.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Spout Spring has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Spout Spring; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
