McTavish Addition Housing Market Report April 2025•Richmond County, Virginia

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Housing Prices in McTavish Addition, VA

How much do homes in McTavish Addition, VA cost?

Housing Market Conditions

Is McTavish Addition, VA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

McTavish Addition is a Neutral Market

Difference Since March 2025

Last month, McTavish Addition was a Seller's Market.

Insight

McTavish Addition is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$502,972$331/SqFt
-$123,822
-19.8%

Based on all homes sold in April 2025

Insight

Homes in McTavish Addition have sold for 19.8% less than they did a month ago.

Summary: The median home sold price in McTavish Addition was $502,972 in April 2025, down 19.8% from last month, and the median price per square foot was $331.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Scott's Addition
-19.8%
McTavish Addition
-19.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2025Apr 2025Change MoM
1--
N/A
2$507.6K-
N/A
3$626.7K$502.9K
-19.8%
4$629.3K-
N/A
5--
N/A

Summary: McTavish Addition housing price by bedroom type for April 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -19.8%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does McTavish Addition, VA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

McTavish Addition, VA

Housing supply in McTavish Addition, VA

How many homes are available in McTavish Addition, VA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
12Last MonthApr 2025
122 months agoMar 2025
0.0 %
Change MoMMar – Apr

Summary: The McTavish Addition real estate market had 12 homes for sale in Apr 2025, the same as Mar 2025

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthApr 2025
72 months agoMar 2025
-71.4 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
213
+200.0%
500
0.0%
100
0.0%
3108
-20.0%
411
0.0%

Summary: McTavish Addition housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 2 bedroom homes increased by +200.0%. The inventory for 5 bedroom homes remained the same. The inventory for 1 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -20.0%. The inventory for 4 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in McTavish Addition, VA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price1 Home

Under Asking Price0 Home

Insight

If you're buying a home in McTavish Addition, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in McTavish Addition in April 2025, down by 71.4% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and and 50% were sold over asking.

Days on Market for McTavish Addition, VA

How long does it take to sell a home in McTavish Addition, VA?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in McTavish Addition are selling fast, if you're buying plan to act quickly.

Summary: During April 2025, 2 homes were sold in McTavish Addition; 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.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
6 DaysLast MonthApr 2025
14 Days1 month agoMar 2025
-55.8 %
Change MoMMar – Apr

Summary: Homes in McTavish Addition had an average listing age of 6 days in Apr 2025, down by 55.8% compared to the previous month.

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Newest Listings in McTavish Addition, VA

What homes are available in McTavish Addition, VA?

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MLS Disclaimers and Copyright

Based on information from Central Virginia Regional MLS, for the period 03/01/2025 - 05/01/2025

IDX All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/12/2025, 6:20:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.