$9,499 Closing Credit*
$799,900
3,036 SqFt
4 Beds
•2 Full Baths, 1 Partial
Chris Haskins, Listing Office: EXP Realty LLC
Is Sutherland, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Sutherland has remained a Seller's Market.
Key Takeaway
Sutherland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sutherland, VA
How much do homes in Sutherland, VA cost?
Median Sold Price
$309,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,000(+1.0%)
Key Takeaway
Homes in Sutherland have sold for 1% more than they did a year ago.
Summary: The median home sold price in Sutherland was $309,000 in November 2024, up 1% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $279.9K | $300K | +7.2% |
| 4 Bedrooms | $483.5K | $325K | -32.8% |
| 5+ Bedrooms | $369.7K | $850K | +129.9% |
Summary: Sutherland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 32.8%, and 5+ bedroom homes increased by 129.9%.
Median Sold Price Compared To Nearby Cities
| Petersburg | $219.7K | $239K | +8.8% |
| Matoaca | $450K | $477.8K | +6.2% |
| Dinwiddie | $295K | $302K | +2.4% |
| Sutherland | $306K | $309K | +1.0% |
Housing Supply in Sutherland, VA
How many homes are available in Sutherland, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The Sutherland real estate market had 4 homes for sale in November 2024, a 20.0% decrease compared to 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 | 2 | 1 | -50.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sutherland 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 decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sutherland, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Sutherland in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Sutherland, VA
How long does it take to sell a home in Sutherland, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 5 Days | -35.9% |
Summary: Homes in Sutherland had an average of 5 days on market in Nov 2024, down by 35.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sutherland are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Sutherland; 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.
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