Is South Anna, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, South Anna has remained a Seller's Market.
Key Takeaway
South Anna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Anna, VA
How much do homes in South Anna, VA cost?
Median Sold Price
$505,200
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Anna have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in South Anna was $505,200 in May 2024, up 10.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.9K | $253.2K | +5.5% |
| 2 Bedrooms | $264.6K | $349.9K | +32.3% |
| 3 Bedrooms | $365.5K | $430.5K | +17.8% |
| 4 Bedrooms | $575K | $613.7K | +6.7% |
| 5+ Bedrooms | $907.7K | $820K | -9.7% |
Summary: South Anna housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 32.3%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 9.7%.
Median Sold Price Compared To Nearby Cities
| Three Chopt | $465.1K | $519.1K | +11.6% |
| South Anna | $457.6K | $505.2K | +10.4% |
| Brookland | $340K | $374.6K | +10.2% |
| Glen Allen | $460K | $485K | +5.4% |
| Beaverdam | $534.9K | $554.9K | +3.7% |
Housing Supply in South Anna, VA
How many homes are available in South Anna, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 74 | 89 | +20.3% |
Summary: The South Anna real estate market had 89 homes for sale in May 2024, a 20.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 6 | 12 | +100.0% |
| 3 Bedrooms | 33 | 32 | -3.0% |
| 4 Bedrooms | 21 | 27 | +28.6% |
| 5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The South Anna housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Anna, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in South Anna in May 2024, up by 6.7% month-over-month. Of the 16 sold homes, 19% were sold under asking, 19% were sold at asking, and 63% were sold over asking.
Days on Market for South Anna, VA
How long does it take to sell a home in South Anna, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 10 Days | -74.1% |
Summary: Homes in South Anna had an average of 10 days on market in May 2024, down by 74.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Anna are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in South Anna; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved