$3,978 Closing Credit*
$335,000
2,076 SqFt
3 Beds
•1 Full Bath, 1 Partial
Robert Hager, Listing Office: Groome Brothers Realty Co
Is Three Chopt, 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, Three Chopt has remained a Seller's Market.
Key Takeaway
Three Chopt is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Three Chopt, VA
How much do homes in Three Chopt, VA cost?
Median Sold Price
$533,916
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,518(+14.0%)
Key Takeaway
Homes in Three Chopt have sold for 14% more than they did a year ago.
Summary: The median home sold price in Three Chopt was $533,916 in October 2024, up 14% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.1K | $309.9K | +3.6% |
| 2 Bedrooms | $320K | $342.5K | +7.0% |
| 3 Bedrooms | $405K | $430K | +6.2% |
| 4 Bedrooms | $536K | $580K | +8.2% |
| 5+ Bedrooms | $805K | $825K | +2.5% |
Summary: Three Chopt housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Three Chopt | $468.3K | $533.9K | +14.0% |
| South Anna | $468.4K | $519.5K | +10.9% |
| Brookland | $350.1K | $386.2K | +10.3% |
| Glen Allen | $469.4K | $508.3K | +8.3% |
| Tuckahoe | $450.7K | $472.2K | +4.8% |
Housing Supply in Three Chopt, VA
How many homes are available in Three Chopt, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 265 | 268 | +1.1% |
Summary: The Three Chopt real estate market had 268 homes for sale in October 2024, a 1.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 89 | 93 | +4.5% |
| 4 Bedrooms | 91 | 95 | +4.4% |
| 5+ Bedrooms | 62 | 55 | -11.3% |
Summary: The Three Chopt housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 11.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 65 | -5.8% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Three Chopt, you could pay more than the asking price. 44.6% of homes here sold above asking price last month.
Summary: A total of 65 homes were sold or pending in Three Chopt in October 2024, down by 5.8% month-over-month. Of the 65 sold homes, 42% were sold under asking, 14% were sold at asking, and 45% were sold over asking.
Days on Market for Three Chopt, VA
How long does it take to sell a home in Three Chopt, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 18 Days | +35.6% |
Summary: Homes in Three Chopt had an average of 18 days on market in Oct 2024, up by 35.6% compared to last year.
Breakdown of Home Sale Times
50 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 Three Chopt are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 65 homes were sold in Three Chopt; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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