Is Petsworth, 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, Petsworth has remained a Buyer's Market.
Housing Prices in Petsworth, VA
How much do homes in Petsworth, VA cost?
Median Sold Price
$326,250
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Petsworth was $326,250 in April 2024, up 10.6% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $206.2K | $236.5K | +14.7% |
2 Bedrooms | $287.3K | $277K | -3.6% |
3 Bedrooms | $285K | $329K | +15.4% |
4 Bedrooms | $505K | $454.5K | -10.0% |
5+ Bedrooms | - | $605K | N/A |
Summary: Petsworth housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Buena Vista | $170K | $249.2K | +46.6% |
Petsworth | $294.9K | $326.2K | +10.6% |
Gloucester | $330K | $340K | +3.0% |
Ware | $329.5K | $337.5K | +2.4% |
Saluda | $364K | $350K | -3.8% |
Housing Supply in Petsworth, VA
How many homes are available in Petsworth, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 85 | +19.7% |
Summary: The Petsworth real estate market had 85 homes for sale in April 2024, a 19.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 11 | 19 | +72.7% |
3 Bedrooms | 38 | 43 | +13.2% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Petsworth 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 increased by 72.7%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Petsworth in April 2024, down by 12.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Petsworth, VA
How long does it take to sell a home in Petsworth, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 67 Days | +8.1% |
Summary: Homes in Petsworth had an average of 67 days on market in Apr 2024, up by 8.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Petsworth; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.