Blake and Ali Poore Team

Powhatan, VA

Single-Family Homes

Long & Foster Real Estate



Powhatan, VA

Sat Oct 16 2021
This week the median list price for Powhatan, VA is $612,950 with the market action index hovering around 48. This is less than last month's market action index of 55. Inventory has increased to 62. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Powhatan, VA

Sat Oct 16 2021
This week the median list price for Powhatan, VA is $612,950 with the market action index hovering around 48. This is less than last month's market action index of 55. Inventory has increased to 62. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Powhatan market.
Median List Price $612,950
Median Price of New Listings $454,925
Per Square Foot $209
Average Days on Market 74
Median Days on Market 35
Price Decreased 23%
Price Increased 0%
Relisted 11%
Inventory 62
Median Rent
Market Action 48
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$899,950 3,832 10 - 20 acres 4 3 14 0 0 112
$649,000 3,853 2.5 - 5 acres 4 3 14 4 0 49
$519,950 2,635 2.5 - 5 acres 4 2 0 3 3 49
$279,975 1,555 1 - 2.5 acres 3 2 31 5 5 10