Blake and Ali Poore Team

Powhatan, VA

Single-Family Homes

Compass



Powhatan, VA

Tue Jul 05 2022
This week the median list price for Powhatan, VA is $450,000 with the market action index hovering around 63. This is an increase over last month's market action index of 62. Inventory has increased to 49. Click here to stay informed with the Powhatan market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.

Powhatan, VA

Tue Jul 05 2022
This week the median list price for Powhatan, VA is $450,000 with the market action index hovering around 63. This is an increase over last month's market action index of 62. Inventory has increased to 49. Click here to stay informed with the Powhatan market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.

Real-Time Market Profile

Never miss important changes in the Powhatan market.
Median List Price $450,000
Median Price of New Listings $399,950
Per Square Foot $209
Average Days on Market 55
Median Days on Market 21
Price Decreased 39%
Price Increased 8%
Relisted 10%
Inventory 49
Median Rent
Market Action 63
Strong Seller's Market

The price per square foot is increasing a bit recently and overall price trends haven’t shown a consistent upwardly push. This can imply that investment conditions are opportunistic. Watch the Remodel Index for a more detailed analysis of the investment opportunity in the area.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$893,107 3,266 5 - 10 acres 4 3.3 4 1 0 45
$599,975 3,043 2.5 - 5 acres 4 3.5 19 3 1 21
$391,975 1,830 1 - 2.5 acres 3 2.5 32 4 3 7
$284,950 1,196 1 - 2.5 acres 3 2 43 5 4 7