Is Nelson County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Nelson County has remained a Seller's Market.
Housing Prices in Nelson County, VA
How much do homes in Nelson County, VA cost?
Median Sold Price
$470,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Nelson County was $470,000 in April 2024, up 16.8% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.4K | $155K | -4.6% |
2 Bedrooms | $237.5K | $247.5K | +4.2% |
3 Bedrooms | $333.7K | $480.2K | +43.9% |
4 Bedrooms | $510K | $545K | +6.9% |
5+ Bedrooms | $937.5K | $930K | -0.8% |
Summary: Nelson County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 43.9%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Counties
Nelson County | $402.5K | $470K | +16.8% |
Amherst County | $229.9K | $247.2K | +7.5% |
Housing Supply in Nelson County, VA
How many homes are available in Nelson County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
97 | 102 | +5.2% |
Summary: The Nelson County real estate market had 102 homes for sale in April 2024, a 5.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 22 | 22 | 0.0% |
3 Bedrooms | 34 | 41 | +20.6% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 22 | 18 | -18.2% |
Summary: The Nelson County 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 20.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 23 | -4.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Nelson County in April 2024, down by 4.2% month-over-month. Of the 23 sold homes, 70% were sold under asking, 13% were sold at asking, and 17% were sold over asking.
Days on Market for Nelson County, VA
How long does it take to sell a home in Nelson County, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 80 Days | +149.9% |
Summary: Homes in Nelson County had an average of 80 days on market in Apr 2024, up by 149.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Nelson County; 30% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.