Is Buckingham County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buckingham County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Buckingham County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Buckingham County, VA

How much do homes in Buckingham County, VA cost?

Median Sold Price

$315,000

$221/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$44,500(-12.4%)

Key Takeaway

Homes in Buckingham County have sold for 12.4% less than they did a month ago.

Summary: The median home sold price in Buckingham County was $315,000 in April 2024, down 12.4% from last month, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 -$92K
N/A
2 $229.9K-
N/A
3 $494.9K$315K
-36.4%
4 $359.5K$3.7M
+929.2%
5+ $535K-
N/A

Summary: Buckingham County housing prices by bedroom type for April 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 36.4%, 4 bedroom homes increased by 929.2%, and 5+ bedroom homes did not change.

Housing Supply in Buckingham County, VA

How many homes are available in Buckingham County, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4651+10.9%

Summary: The Buckingham County real estate market had 51 homes for sale in April 2024, a 10.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 21
-50.0%
3 3538
+8.6%
4 54
-20.0%
5+ 47
+75.0%

Summary: The Buckingham County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
11110.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buckingham County, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Buckingham County in April 2024, the same as the previous month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.

Days on Market for Buckingham County, VA

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

Average Sale Time

Mar 2024Apr 2024CHANGE
67 Days133 Days+99.3%

Summary: Homes in Buckingham County had an average of 133 days on market in Apr 2024, up by 99.3% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Buckingham County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 11 homes were sold in Buckingham County; 36% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 45% 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 19 Days Ago

Newest Listings in Buckingham County, VA

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