The Poore Team

Powhatan, VA

Single-Family Homes

Compass



Powhatan, VA

Fri Mar 29 2024
This week the median list price for Powhatan, VA is $695,000 with the market action index hovering around 52. This is an increase over last month's market action index of 50. Inventory has decreased to 27. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Powhatan, VA

Fri Mar 29 2024
This week the median list price for Powhatan, VA is $695,000 with the market action index hovering around 52. This is an increase over last month's market action index of 50. Inventory has decreased to 27. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Powhatan market.
Median List Price $695,000
Median Price of New Listings $534,950
Per Square Foot $242
Average Days on Market 124
Median Days on Market 49
Price Decreased 37%
Price Increased 7%
Relisted 22%
Inventory 27
Median Rent
Market Action 52
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
$879,950 3,678 5 - 10 acres 4 3.8 18 1 1 168
$783,000 3,100 2.5 - 5 acres 4 3 2 1 1 56
$590,000 2,650 2.5 - 5 acres 4 2.5 7 2 2 21
$380,000 1,719 1 - 2.5 acres 3 2 47 3 3 42