Is Tuckahoe, 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, Tuckahoe has remained a Seller's Market.
Key Takeaway
Tuckahoe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tuckahoe, VA
How much do homes in Tuckahoe, VA cost?
Median Sold Price
$474,514
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tuckahoe have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Tuckahoe was $474,514 in May 2024, up 13.2% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.5K | $166.5K | +5.7% |
| 2 Bedrooms | $252K | $275K | +9.1% |
| 3 Bedrooms | $355.6K | $384.9K | +8.2% |
| 4 Bedrooms | $504.9K | $550K | +8.9% |
| 5+ Bedrooms | $875K | $850K | -2.9% |
Summary: Tuckahoe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Tuckahoe | $419.1K | $474.5K | +13.2% |
| Three Chopt | $465.1K | $519.1K | +11.6% |
| Richmond | $320K | $349.4K | +9.2% |
| Richmond | $329.7K | $359K | +8.9% |
| Midlothian | $400.6K | $426.4K | +6.4% |
Housing Supply in Tuckahoe, VA
How many homes are available in Tuckahoe, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 188 | 185 | -1.6% |
Summary: The Tuckahoe real estate market had 185 homes for sale in May 2024, a 1.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 18 | 0.0% |
| 3 Bedrooms | 55 | 58 | +5.5% |
| 4 Bedrooms | 80 | 74 | -7.5% |
| 5+ Bedrooms | 34 | 34 | 0.0% |
Summary: The Tuckahoe housing inventory by bedroom type for May 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 5.5%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 60 | 74 | +23.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
44 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tuckahoe, you could pay more than the asking price. 59.5% of homes here sold above asking price last month.
Summary: A total of 74 homes were sold or pending in Tuckahoe in May 2024, up by 23.3% month-over-month. Of the 74 sold homes, 30% were sold under asking, 11% were sold at asking, and 59% were sold over asking.
Days on Market for Tuckahoe, VA
How long does it take to sell a home in Tuckahoe, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 11 Days | +48.3% |
Summary: Homes in Tuckahoe had an average of 11 days on market in May 2024, up by 48.3% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tuckahoe are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 74 homes were sold in Tuckahoe; 89% of homes were sold within 30 days, 11% 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