Is Gainesboro, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Gainesboro was a Seller's Market.
Housing Prices in Gainesboro, VA
How much do homes in Gainesboro, VA cost?
Median Sold Price
$429,500
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gainesboro was $429,500 in April 2024, up 17.7% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $267.5K | N/A |
2 Bedrooms | $120K | $347K | +189.2% |
3 Bedrooms | $333K | $390K | +17.1% |
4 Bedrooms | $387.4K | $512.5K | +32.3% |
5+ Bedrooms | $600K | $590K | -1.7% |
Summary: Gainesboro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 189.2%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
Gainesboro | $365K | $429.5K | +17.7% |
Gore | $351K | $399K | +13.7% |
Winchester | $343.5K | $371.9K | +8.3% |
Cross Junction | $374.9K | $395K | +5.4% |
Bloomery | $270K | $220K | -18.5% |
Housing Supply in Gainesboro, VA
How many homes are available in Gainesboro, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 73 | +30.4% |
Summary: The Gainesboro real estate market had 73 homes for sale in April 2024, a 30.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 26 | 39 | +50.0% |
4 Bedrooms | 24 | 26 | +8.3% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Gainesboro housing inventory by bedroom type for April 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 50%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Gainesboro in April 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Gainesboro, VA
How long does it take to sell a home in Gainesboro, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
68 Days | 22 Days | -67.9% |
Summary: Homes in Gainesboro had an average of 22 days on market in Apr 2024, down by 67.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Gainesboro; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.