Is Garrisonville, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Garrisonville has remained a Seller's Market.
Key Takeaway
Garrisonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Garrisonville, VA
How much do homes in Garrisonville, VA cost?
Median Sold Price
$500,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Garrisonville have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Garrisonville was $500,000 in May 2024, down 0.7% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $305K | $307.5K | +0.8% |
| 3 Bedrooms | $385.5K | $410K | +6.4% |
| 4 Bedrooms | $525K | $525K | 0.0% |
| 5+ Bedrooms | $568K | $573K | +0.9% |
Summary: Garrisonville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Griffis-Widewater | $455K | $487.5K | +7.1% |
| Rock Hill | $525K | $560K | +6.7% |
| Aquia | $465K | $486.2K | +4.6% |
| Stafford | $503.1K | $524.9K | +4.3% |
| Garrisonville | $503.7K | $500K | -0.7% |
Housing Supply in Garrisonville, VA
How many homes are available in Garrisonville, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 45 | +21.6% |
Summary: The Garrisonville real estate market had 45 homes for sale in May 2024, a 21.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Garrisonville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garrisonville, you could pay more than the asking price. 84.6% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Garrisonville in May 2024, up by 44.4% month-over-month. Of the 13 sold homes, 8% were sold under asking, 8% were sold at asking, and 85% were sold over asking.
Days on Market for Garrisonville, VA
How long does it take to sell a home in Garrisonville, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 4 Days | -50.4% |
Summary: Homes in Garrisonville had an average of 4 days on market in May 2024, down by 50.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Garrisonville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Garrisonville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
