$4,274 Closing Credit*
$359,950
1,771 SqFt
3 Beds
•1 Full Bath, 1 Partial
Bradley Boykin, Listing Office: ERA Woody Hogg & Assoc
Is Three Chopt, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$539,904
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$63,348(+13.3%)
Key Takeaway
Homes in Three Chopt have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Three Chopt was $539,904 in December 2024, up 13.3% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $304.5K | $311.5K | +2.3% |
| 2 Bedrooms | $320K | $340K | +6.3% |
| 3 Bedrooms | $415K | $437.8K | +5.5% |
| 4 Bedrooms | $540.8K | $580K | +7.2% |
| 5+ Bedrooms | $822.7K | $826.7K | 0.5% |
Summary: Three Chopt housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Three Chopt | $476.5K | $539.9K | +13.3% |
| Tuckahoe | $450.3K | $490.4K | +8.9% |
| South Anna | $486.6K | $525K | +7.9% |
| Brookland | $358.8K | $385.2K | +7.3% |
| Glen Allen | $477.8K | $510K | +6.7% |
Housing Supply in Three Chopt, VA
How many homes are available in Three Chopt, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 227 | 186 | -18.1% |
Summary: The Three Chopt real estate market had 186 homes for sale in December 2024, a 18.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 18 | -18.2% |
| 3 Bedrooms | 81 | 68 | -16.0% |
| 4 Bedrooms | 79 | 66 | -16.5% |
| 5+ Bedrooms | 44 | 33 | -25.0% |
Summary: The Three Chopt housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 16.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 73 | 69 | -5.5% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Three Chopt, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Three Chopt in December 2024, down by 5.5% month-over-month. Of the 68 sold homes, 56% were sold under asking, 16% were sold at asking, and 28% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 26 Days | 28 Days | +10.2% |
Summary: Homes in Three Chopt had an average of 28 days on market in Dec 2024, up by 10.2% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 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 December 2024, 69 homes were sold in Three Chopt; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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