$10,000 Closing Credit*
$1,350,000
5,056 SqFt
4 Beds
•3 Full Baths, 2 Partial
Misty Spong, Listing Office: Shaheen Ruth Martin & Fonville
Is The Governor's Land At Two Rivers, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, The Governor's Land At Two Rivers was a Buyer's Market.
Key Takeaway
The Governor's Land At Two Rivers is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Governor's Land At Two Rivers, VA
How much do homes in The Governor's Land At Two Rivers, VA cost?
Median Sold Price
$1,100,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$288,250(+35.5%)
Key Takeaway
Homes in The Governor's Land At Two Rivers have sold for 35.5% more than they did a year ago.
Summary: The median home sold price in The Governor's Land At Two Rivers was $1,100,000 in November 2024, up 35.5% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $1.1M | N/A |
| 4 Bedrooms | $795K | $904K | +13.7% |
| 5+ Bedrooms | $850K | $1.9M | +126.5% |
Summary: The Governor's Land At Two Rivers 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 did not change, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 126.5%.
Housing Supply in The Governor's Land At Two Rivers, VA
How many homes are available in The Governor's Land At Two Rivers, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 23 | -20.7% |
Summary: The The Governor's Land At Two Rivers real estate market had 23 homes for sale in November 2024, a 20.7% 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 | 5 | 6 | +20.0% |
| 4 Bedrooms | 19 | 15 | -21.1% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The The Governor's Land At Two Rivers 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 increased by 20%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Governor's Land At Two Rivers, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in The Governor's Land At Two Rivers in November 2024, down by 45.5% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for The Governor's Land At Two Rivers, VA
How long does it take to sell a home in The Governor's Land At Two Rivers, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 137 Days | 71 Days | -47.9% |
Summary: Homes in The Governor's Land At Two Rivers had an average of 71 days on market in Nov 2024, down by 47.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Governor's Land At Two Rivers are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in The Governor's Land At Two Rivers; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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