Is Ashland, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Ashland was a Seller's Market.
Key Takeaway
Ashland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ashland, VA
How much do homes in Ashland, VA cost?
Median Sold Price
$475,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ashland have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Ashland was $475,000 in May 2024, up 4.5% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.9K | $253.2K | +5.5% |
| 2 Bedrooms | $230K | $289.7K | +26.0% |
| 3 Bedrooms | $347K | $367.5K | +5.9% |
| 4 Bedrooms | $666K | $690K | +3.6% |
| 5+ Bedrooms | $740K | $779.2K | +5.3% |
Summary: Ashland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 26%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Ashland | $454.3K | $475K | +4.5% |
| Beaverdam | $534.9K | $554.9K | +3.7% |
Housing Supply in Ashland, VA
How many homes are available in Ashland, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 143 | 159 | +11.2% |
Summary: The Ashland real estate market had 159 homes for sale in May 2024, a 11.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 11 | 19 | +72.7% |
| 3 Bedrooms | 61 | 66 | +8.2% |
| 4 Bedrooms | 43 | 44 | +2.3% |
| 5+ Bedrooms | 25 | 28 | +12.0% |
Summary: The Ashland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 72.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 12%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ashland, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Ashland in May 2024, the same as the previous month. Of the 18 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for Ashland, VA
How long does it take to sell a home in Ashland, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 41 Days | -16.9% |
Summary: Homes in Ashland had an average of 41 days on market in May 2024, down by 16.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ashland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Ashland; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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