Summer Hill Condominiums Housing Market Report May 2025•Richmond County, Virginia

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Housing Prices in Summer Hill Condominiums, VA

How much do homes in Summer Hill Condominiums, VA cost?

Housing Market Conditions

Is Summer Hill Condominiums, 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

Summer Hill Condominiums is a Seller's Market

Difference Since April 2025

Last month, Summer Hill Condominiums has remained a Seller's Market.

Insight

Summer Hill Condominiums is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$257,000$282/SqFt
-$23,500
-8.4%

Based on all homes sold in May 2025

Insight

Homes in Summer Hill Condominiums have sold for 8.4% less than they did a month ago.

Summary: The median home sold price in Summer Hill Condominiums was $257,000 in May 2025, down 8.4% from last month, and the median price per square foot was $282.

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.
BedsApr 2025May 2025Change MoM
1$259K$257K
-0.8%
2$302K-
N/A
3--
N/A
4--
N/A
5--
N/A

Summary: Summer Hill Condominiums housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes decreased by -0.8%. 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.

How does Summer Hill Condominiums, VA compare with other places?

Market comparison tool

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

Summer Hill Condominiums, VA

Housing supply in Summer Hill Condominiums, VA

How many homes are available in Summer Hill Condominiums, 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
3Last MonthMay 2025
32 months agoApr 2025
0.0 %
Change MoMApr – May

Summary: The Summer Hill Condominiums real estate market had 3 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
22 months agoApr 2025
-50.0 %
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
121
-50.0%
212
+100.0%
300
0.0%
400
0.0%
500
0.0%

Summary: Summer Hill Condominiums housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes remained the same. 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 Summer Hill Condominiums, 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 Summer Hill Condominiums, 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 Summer Hill Condominiums in May 2025, down by 50.0% 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 Summer Hill Condominiums, VA

How long does it take to sell a home in Summer Hill Condominiums, VA?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Summer Hill Condominiums are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 1 homes were sold in Summer Hill Condominiums; 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
5 DaysLast MonthMay 2025
32 Days1 month agoApr 2025
-84.6 %
Change MoMApr – May

Summary: Homes in Summer Hill Condominiums had an average listing age of 5 days in May 2025, down by 84.6% compared to the previous month.

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Newest Listings in Summer Hill Condominiums, VA

What homes are available in Summer Hill Condominiums, VA?

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MLS Disclaimers and Copyright

Based on information from Central Virginia Regional MLS, for the period 04/01/2025 - 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: 6/17/2025, 12:55:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.