Is Union Hall, 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, Union Hall has remained a Seller's Market.
Key Takeaway
Union Hall is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Union Hall, VA
How much do homes in Union Hall, VA cost?
Median Sold Price
$540,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Union Hall have sold for 17.1% less than they did a year ago.
Summary: The median home sold price in Union Hall was $540,000 in April 2024, down 17.1% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $307.5K | $350K | +13.8% |
| 3 Bedrooms | $497.5K | $470K | -5.5% |
| 4 Bedrooms | $794.8K | $1.0M | +28.9% |
| 5+ Bedrooms | $1.0M | $1.2M | +23.2% |
Summary: Union Hall 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 13.8%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes increased by 23.2%.
Median Sold Price Compared To Nearby Cities
| Rocky Mount | $225K | $241.2K | +7.2% |
| Wirtz | $430K | $443K | +3.0% |
| Gills Creek | $594K | $499.9K | -15.8% |
| Union Hall | $651.2K | $540K | -17.1% |
Housing Supply in Union Hall, VA
How many homes are available in Union Hall, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 49 | +16.7% |
Summary: The Union Hall real estate market had 49 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Union Hall 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 decreased by 20%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Union Hall, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Union Hall in April 2024, up by 40.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 36% were sold at asking, and 7% were sold over asking.
Days on Market for Union Hall, VA
How long does it take to sell a home in Union Hall, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 2 Days | 75 Days | +3650.0% |
Summary: Homes in Union Hall had an average of 75 days on market in Apr 2024, up by 3650% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Union Hall has remained consistent over time.
Summary: During April 2024, 14 homes were sold in Union Hall; 0% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.