Single-Family Homes
Sun Apr 28 2024
This week the median list price for Powhatan, VA is $744,475 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has increased to 28.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $744,475 | |
Median Price of New Listings | $628,250 | |
Per Square Foot | $241 | |
Average Days on Market | 105 | |
Median Days on Market | 25 | |
Price Decreased | 29% | |
Price Increased | 0% | |
Relisted | 18% | |
Inventory | 28 | |
Median Rent | ||
Market Action | 49 | |
Strong Seller's Market |
The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$873,950 | 3,344 | 2.5 - 5 acres | 4 | 3.5 | 19 | 1 | 1 | 175 |
$789,950 | 3,793 | 2.5 - 5 acres | 4 | 3.5 | 2 | 2 | 2 | 42 |
$549,950 | 2,552 | 2.5 - 5 acres | 4 | 2.5 | 18 | 0 | 3 | 21 |
$399,950 | 1,560 | 2.5 - 5 acres | 3 | 2.5 | 0 | 3 | 4 | 7 |