New - 3 days on Rocket
$4,691 Closing Credit¹
Karla Garland, Listing Office: Dalton Realty
South Housing Market Report December 2024•Essex 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 Seller's Market
Difference Since December 2023
At the same time last year, South was a Buyer's Market.
Insight
South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$307,375$220/SqFt
+$7,425
+2.5%
Based on all homes sold in the last 12 months
Insight
Homes in South have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in South was $307,375 in December 2024, up 2.5% from last year, and the median price per square foot was $220.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| South | $299.9K | $307.3K | +2.5% |
| Center Cross | $322.8K | $309K | -4.3% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $169.6K | $135.5K | -20.1% |
| 33 Bedrooms | $257.2K | $290.5K | +12.9% |
| 44 Bedrooms | $330K | $345K | +4.5% |
| 55+ Bedrooms | $649.9K | $450K | -30.8% |
Summary: South housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -20.1%. The home price for 3 bedroom homes increased by +12.9%. The home price for 4 bedroom homes increased by +4.5%. The home price for 5 bedroom homes decreased by -30.8%.
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 |
|---|---|---|
| 18Last MonthDec 2024 | ||
| 222 months agoNov 2024 | -18.2 % Change MoMNov – Dec |
Summary: The South real estate market had 18 homes for sale in Dec 2024, a 18.2 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 5Last MonthDec 2024 | ||
| 42 months agoNov 2024 | +25.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 4 | 0.0% |
| 33 Bedrooms | 13 | 9 | -30.8% |
| 44 Bedrooms | 2 | 2 | 0.0% |
| 55+ Bedrooms | 3 | 3 | 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 decreased by -30.8%. 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 Price4 Homes
Insight
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 5 homes were sold or pending in South in December 2024, up by 25.0% month-over-month. Of the 4 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 Days5 Homes
Over 90 Days0 Home
Insight
Avg time on Rocket Homes in South has remained consistent over time.
Summary: During December 2024, 5 homes were sold in South; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 49 DaysThis YearDec 2024 | ||
| 6 Days1 year agoDec 2023 | +720.0 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in South had an average listing age of 49 days in Dec 2024, up by 720.0% compared to the previous year.
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Newest Listings in South, VA
What homes are available in South, VA?
New - 6 days on Rocket3D tour
$10,000 Closing Credit¹
John Thiel, Listing Office: Long & Foster REALTORS
$3,918 Closing Credit¹
#118133, Patti Minor, Listing Office: Hometown Realty
$2,255 Closing Credit¹
#118110, Jennifer Lynn Bacon, Listing Office: Tiffany Properties Realty, LLC
Backup offers
$5,926 Closing Credit¹
#118004, Wendy Newsome, Listing Office: Middle Bay Realty - K
$3,859 Closing Credit¹
Kyle Taylor, Listing Office: River City Elite Properties
$3,918 Closing Credit¹
Patti Minor, Listing Office: Hometown Realty
$3,502 Closing Credit¹
Holly Baker, Listing Office: Baker Real Estate
Backup offers
$5,926 Closing Credit¹
Wendy Self Newsome, Listing Office: Middle Bay Realty
$5,166 Closing Credit¹
Evelyn Martin, Listing Office: The Martin Team Property Mgmt
Angela Nicole Carter, Listing Office: EXIT Realty Expertise
$3,562 Closing Credit¹
Stephanie J Smith, Listing Office: Select Premium Properties, Inc
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MLS Disclaimers and Copyright
Based on information from Central Virginia Regional MLS, BrightMLS, and Northern Neck Association of Realtors MLS for the period 01/01/2023 - 01/01/2025
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 reservedData displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/19/2025, 11:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 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: 1/19/2025, 11:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Northern Neck Association of Realtors MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NNMLS. Information is for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/19/2025, 11:16:14 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: 1/19/2025, 11:16:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.