$3,205 Closing Credit*
$269,900
1,368 SqFt
3 Beds
•1 Full Bath, 1 Partial
Hunter Law, Listing Office: IsaBell K. Horsley Real Estate
Is Urbanna, 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, Urbanna has remained a Seller's Market.
Key Takeaway
Urbanna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Urbanna, VA
How much do homes in Urbanna, VA cost?
Median Sold Price
$387,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$120,000(+44.9%)
Key Takeaway
Homes in Urbanna have sold for 44.9% more than they did a year ago.
Summary: The median home sold price in Urbanna was $387,000 in October 2024, up 44.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $525K | N/A |
| 2 Bedrooms | $310K | $349K | +12.6% |
| 3 Bedrooms | $259K | $380K | +46.7% |
| 4 Bedrooms | $369.5K | $527.5K | +42.8% |
| 5+ Bedrooms | $1.1M | $1.1M | -6.0% |
Summary: Urbanna housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 46.7%, 4 bedroom homes increased by 42.8%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Cities
| Urbanna | $267K | $387K | +44.9% |
| Saluda | $371K | $396K | +6.7% |
Housing Supply in Urbanna, VA
How many homes are available in Urbanna, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Summary: The Urbanna real estate market had 9 homes for sale in October 2024, a 30.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 3 | 0 | -100.0% |
Summary: The Urbanna housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
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 Urbanna, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Urbanna in October 2024, down by 66.7% 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 Urbanna, VA
How long does it take to sell a home in Urbanna, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 47 Days | +5.6% |
Summary: Homes in Urbanna had an average of 47 days on market in Oct 2024, up by 5.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Urbanna are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Urbanna; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved