Scott's Addition Housing Market Report May 2025•Richmond County, Virginia

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Housing Prices in Scott's Addition, VA

How much do homes in Scott's Addition, VA cost?

Housing Market Conditions

Is Scott's 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

Scott's Addition is a Buyer's Market

Difference Since May 2024

At the same time last year, Scott's Addition was a Seller's Market.

Insight

Scott's Addition is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.
$505,360$302/SqFt
-$79,720
-13.6%

Based on all homes sold in the last 12 months

Insight

Homes in Scott's Addition have sold for 13.6% less than they did a year ago.

Summary: The median home sold price in Scott's Addition was $505,360 in May 2025, down 13.6% from last year, and the median price per square foot was $302.

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.
BedsMay 2024May 2025Change YoY
1--
N/A
2$437K$459.4K
+5.1%
3$586.2K$514.5K
-12.2%
4$587.3K$627.9K
+6.9%
5--
N/A

Summary: Scott's Addition housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +5.1%. The home price for 3 bedroom homes decreased by -12.2%. The home price for 4 bedroom homes increased by +6.9%. The home price for 5 bedroom homes did not change.

How does Scott's Addition, VA compare with other places?

Market comparison tool

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

Scott's Addition, VA

Housing supply in Scott's Addition, VA

How many homes are available in Scott's 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
19Last MonthMay 2025
192 months agoApr 2025
0.0 %
Change MoMApr – May

Summary: The Scott's Addition real estate market had 19 homes for sale in May 2025, the same as Apr 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
1Last MonthMay 2025
32 months agoApr 2025
-66.7 %
Change MoMApr – May

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.
BedsApr 2025May 2025Change MoM
111
0.0%
289
+12.5%
397
-22.2%
412
+100.0%
500
0.0%

Summary: Scott's Addition housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +12.5%. The inventory for 3 bedroom homes decreased by -22.2%. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Scott's 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 Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Scott's Addition, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Scott's Addition in May 2025, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Scott's Addition, VA

How long does it take to sell a home in Scott's Addition, VA?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

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

Summary: During May 2025, 1 homes were sold in Scott's 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.
This Year1 year agoChange YoY
6 DaysThis YearMay 2025
22 Days1 year agoMay 2024
-73.8 %
Change YoYMay 2024 – May 2025

Summary: Homes in Scott's Addition had an average listing age of 6 days in May 2025, down by 73.8% compared to the previous year.

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Newest Listings in Scott's Addition, VA

What homes are available in Scott's Addition, VA?

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MLS Disclaimers and Copyright

Based on information from Central Virginia Regional MLS, for the period 06/01/2023 - 06/01/2025

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: 6/13/2025, 12:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.