Is Toms Brook, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Toms Brook is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Toms Brook was a Neutral Market.

Key Takeaway

Toms Brook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Toms Brook, VA

How much do homes in Toms Brook, VA cost?

Median Sold Price

$270,000

$149/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$120,000(-30.8%)

Key Takeaway

Homes in Toms Brook have sold for 30.8% less than they did a month ago.

Summary: The median home sold price in Toms Brook was $270,000 in October 2024, down 30.8% from last month, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $390K$270K
-30.8%
4 --
N/A
5+ --
N/A

Summary: Toms Brook housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 30.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Toms Brook, VA

How many homes are available in Toms Brook, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
65-16.7%

Summary: The Toms Brook real estate market had 5 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 53
-40.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Toms Brook housing inventory by bedroom type for October 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 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Toms Brook, 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 Toms Brook in October 2024, the same as the previous 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 Toms Brook, VA

How long does it take to sell a home in Toms Brook, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
7 Days7 Days0.0%

Summary: Homes in Toms Brook had an average of 7 days on market in Oct 2024, the same as last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Toms Brook are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Toms Brook; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Toms Brook, VA

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