Is Green Spring, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Green Spring was a Seller's Market.
Key Takeaway
Green Spring is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Green Spring, VA
How much do homes in Green Spring, VA cost?
Median Sold Price
$459,878
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Green Spring have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Green Spring was $459,878 in May 2024, up 4.5% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $166.7K | $316.5K | +89.8% |
| 3 Bedrooms | $405K | $425K | +4.9% |
| 4 Bedrooms | $510.5K | $520K | +1.9% |
| 5+ Bedrooms | $365K | $600K | +64.4% |
Summary: Green Spring housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 89.8%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 64.4%.
Median Sold Price Compared To Nearby Cities
| Green Spring | $440K | $459.8K | +4.5% |
| Gordonsville | $448.5K | $425K | -5.2% |
| Patrick Henry | $339K | $318K | -6.2% |
Housing Supply in Green Spring, VA
How many homes are available in Green Spring, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 86 | 92 | +7.0% |
Summary: The Green Spring real estate market had 92 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 55 | 52 | -5.5% |
| 4 Bedrooms | 30 | 38 | +26.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Green Spring housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Green Spring, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Green Spring in May 2024, down by 7.1% month-over-month. Of the 13 sold homes, 46% were sold under asking, 38% were sold at asking, and 15% were sold over asking.
Days on Market for Green Spring, VA
How long does it take to sell a home in Green Spring, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 69 Days | 48 Days | -29.9% |
Summary: Homes in Green Spring had an average of 48 days on market in May 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Green Spring are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Green Spring; 54% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.