$4,300,000
4,825 SqFt
3 Beds
•4 Full Baths, 2 Partial
John Coles, Listing Office: Thomas and Talbot Estate Properties, Inc.
Is The Plains, 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, The Plains has remained a Buyer's Market.
Key Takeaway
The Plains is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Plains, VA
How much do homes in The Plains, VA cost?
Median Sold Price
$820,000
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$90,000(+12.3%)
Key Takeaway
Homes in The Plains have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in The Plains was $820,000 in November 2024, up 12.3% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $800K | N/A |
| 2 Bedrooms | $350K | $458.6K | +31.0% |
| 3 Bedrooms | $675K | $465K | -31.1% |
| 4 Bedrooms | $949.5K | $850K | -10.5% |
| 5+ Bedrooms | $2.8M | $2.0M | -28.6% |
Summary: The Plains 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 increased by 31%, 3 bedroom homes decreased by 31.1%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 28.6%.
Median Sold Price Compared To Nearby Cities
| The Plains | $730K | $820K | +12.3% |
| Scott | $710K | $780.6K | +10.0% |
Housing Supply in The Plains, VA
How many homes are available in The Plains, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The The Plains real estate market had 17 homes for sale in November 2024, a 6.3% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The The Plains 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 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were 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 Plains, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in The Plains in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for The Plains, VA
How long does it take to sell a home in The Plains, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 27 Days | +58.8% |
Summary: Homes in The Plains had an average of 27 days on market in Nov 2024, up by 58.8% 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 The Plains are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in The Plains; 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.
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.