$3,740 Closing Credit*
$314,950
1,882 SqFt
3 Beds
•2 Full Baths
Kelly P Guess, Listing Office: Mason Realty, Inc.
Is West Point, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, West Point was a Seller's Market.
Key Takeaway
West Point is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in West Point, VA
How much do homes in West Point, VA cost?
Median Sold Price
$293,750
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$14,750(-4.8%)
Key Takeaway
Homes in West Point have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in West Point was $293,750 in November 2024, down 4.8% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $184.8K | $210K | +13.6% |
| 3 Bedrooms | $300.5K | $290.9K | -3.2% |
| 4 Bedrooms | $352.2K | $365K | +3.6% |
| 5+ Bedrooms | $442.5K | $429.9K | -2.8% |
Summary: West Point housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Buena Vista | $200K | $232.5K | +16.3% |
| West Point | $308.5K | $293.7K | -4.8% |
| Barhamsville | $349.9K | $289K | -17.4% |
Housing Supply in West Point, VA
How many homes are available in West Point, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 50 | +13.6% |
Summary: The West Point real estate market had 50 homes for sale in November 2024, a 13.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The West Point 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 increased by 18.2%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Point, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in West Point in November 2024, up by 100.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for West Point, VA
How long does it take to sell a home in West Point, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 88 Days | +116.5% |
Summary: Homes in West Point had an average of 88 days on market in Nov 2024, up by 116.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Point are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in West Point; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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