Is Wreck Island, 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, Wreck Island has remained a Seller's Market.
Housing Prices in Wreck Island, VA
How much do homes in Wreck Island, VA cost?
Median Sold Price
$312,500
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wreck Island was $312,500 in April 2024, up 2.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $475K | - | N/A |
2 Bedrooms | $165K | $334.9K | +103.0% |
3 Bedrooms | $306K | $299.9K | -2.0% |
4 Bedrooms | $392.7K | $349K | -11.1% |
5+ Bedrooms | $359.5K | $649.9K | +80.8% |
Summary: Wreck Island 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 103%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 80.8%.
Median Sold Price Compared To Nearby Cities
Appomattox | $230K | $284.5K | +23.7% |
Courthouse | $222.2K | $247.7K | +11.5% |
Wreck Island | $306K | $312.5K | +2.1% |
Piney Mountain | $289K | $281.5K | -2.6% |
Housing Supply in Wreck Island, VA
How many homes are available in Wreck Island, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Summary: The Wreck Island real estate market had 10 homes for sale in April 2024, a 100.0% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 3 | 7 | +133.3% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wreck Island 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 100%, 3 bedroom homes increased by 133.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Wreck Island in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Wreck Island, VA
How long does it take to sell a home in Wreck Island, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 18 Days | -44.2% |
Summary: Homes in Wreck Island had an average of 18 days on market in Apr 2024, down by 44.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Wreck Island; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.