Is Weems, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Weems is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Weems was a Seller's Market.

Key Takeaway

Weems is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Weems, VA

How much do homes in Weems, VA cost?

Median Sold Price

$2,050,000

$680/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$1,500,000(+272.7%)

Key Takeaway

Homes in Weems have sold for 272.7% more than they did a month ago.

Summary: The median home sold price in Weems was $2,050,000 in November 2024, up 272.7% from last month, and the median price per square foot was $680.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $240K-
N/A
3 $550K$1.2M
+127.3%
4 $800K$2.0M
+156.3%
5+ --
N/A

Summary: Weems housing prices by bedroom type for November 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 increased by 127.3%, 4 bedroom homes increased by 156.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Weems
+272.7%
Irvington
-28.0%

Housing Supply in Weems, VA

How many homes are available in Weems, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2724-11.1%

Summary: The Weems real estate market had 24 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 44
0.0%
3 107
-30.0%
4 99
0.0%
5+ 11
0.0%

Summary: The Weems 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 decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Weems, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Weems in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Weems, VA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
15 Days13 Days-16.1%

Summary: Homes in Weems had an average of 13 days on market in Nov 2024, down by 16.1% compared to last month.

Breakdown of Home Sale Times

3 Homes Were 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 Weems are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Weems; 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 20 Days Ago

Newest Listings in Weems, VA

Nearby Markets to Weems, VA

What housing markets are near Weems, VA?