Jake Sklar, Listing Office: Hometown Realty
South Housing Market Report December 2024•Nelson County, Virginia
Housing Prices in South, VA
How much do homes in South, VA cost?
Housing Market Conditions
Is South, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
South is a Buyer's Market
Difference Since November 2024
Last month, South has remained a Buyer's Market.
South is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
Based on all homes sold in December 2024
Homes in South have sold for 154.3% more than they did a month ago.
Summary: The median home sold price in South was $1,475,000 in December 2024, up 154.3% from last month, and the median price per square foot was $360.
Median Sold Price By City
City | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
South | $580K | $1.4M | +154.3% |
Arrington | $580K | $350K | -39.7% |
Median Sold Price By Bedrooms
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | - | - | N/A |
22 Bedrooms | - | - | N/A |
33 Bedrooms | $580K | - | N/A |
44 Bedrooms | - | $1.4M | N/A |
55+ Bedrooms | - | - | N/A |
Summary: South housing price by bedroom type for December 2024, 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 did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
Housing supply in South, VA
How many homes are available in South, VA?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
10Last MonthDec 2024 | ||
92 months agoNov 2024 | +11.1 % Change MoMNov – Dec |
Summary: The South real estate market had 10 homes for sale in Dec 2024, a 11.1 % increase compared to Nov 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
1Last MonthDec 2024 | ||
12 months agoNov 2024 | 0.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | 1 | 1 | 0.0% |
22 Bedrooms | 1 | 1 | 0.0% |
33 Bedrooms | 5 | 6 | +20.0% |
44 Bedrooms | 2 | 2 | 0.0% |
55+ Bedrooms | 0 | 0 | 0.0% |
Summary: South housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +20.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in South, VA cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price1 Home
If you're buying a home in South, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in South in December 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for South, VA
How long does it take to sell a home in South, VA?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days0 Home
Over 90 Days1 Home
Most homes in South are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 1 homes were sold in South; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Average Sale Time
Last Month | 1 month ago | Change MoM |
---|---|---|
174 DaysLast MonthDec 2024 | ||
46 Days1 month agoNov 2024 | +278.3 % Change MoMNov – Dec |
Summary: Homes in South had an average listing age of 174 days in Dec 2024, up by 278.3% compared to the previous month.
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Newest Listings in South, VA
What homes are available in South, VA?
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MLS Disclaimers and Copyright
Based on information from Lynchburg MLS, BrightMLS, and Central Virginia Regional MLS for the period 11/01/2024 - 01/01/2025
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 5:21:02 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. 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: 1/18/2025, 5:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 5:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.