Weems Housing Market Report January 2025•Lancaster County, Virginia

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Housing Prices in Weems, VA

How much do homes in Weems, VA cost?

Housing Market Conditions

Is Weems, 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

Weems is a Buyer's Market

Difference Since January 2024

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

Insight

Weems 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.
$799,500$287/SqFt
+$349,500
+77.7%

Based on all homes sold in the last 12 months

Insight

Homes in Weems have sold for 77.7% more than they did a year ago.

Summary: The median home sold price in Weems was $799,500 in January 2025, up 77.7% from last year, and the median price per square foot was $287.

Median Sold Price By City

Median Sold Price By City
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 YoY
Weems
+77.7%
Lancaster
+31.6%
Kilmarnock
+11.0%
Kilmarnock
+11.0%

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.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$208K$259K
+24.5%
3$412.5K$677K
+64.1%
4$985K$1.1M
+18.3%
5-$2.2M
N/A

Summary: Weems housing price by bedroom type for January 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 +24.5%. The home price for 3 bedroom homes increased by +64.1%. The home price for 4 bedroom homes increased by +18.3%. The home price for 5 bedroom homes did not change.

Housing supply in Weems, VA

How many homes are available in Weems, 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
27Last MonthJan 2025
242 months agoDec 2024
+12.5 %
Change MoMDec – Jan

Summary: The Weems real estate market had 27 homes for sale in Jan 2025, a 12.5 % increase compared to Dec 2024.

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
3Last MonthJan 2025
22 months agoDec 2024
+50.0 %
Change MoMDec – Jan

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.
BedsDec 2024Jan 2025Change MoM
122
0.0%
265
-16.7%
368
+33.3%
4911
+22.2%
511
0.0%

Summary: Weems housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -16.7%. The inventory for 3 bedroom homes increased by +33.3%. The inventory for 4 bedroom homes increased by +22.2%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Weems, 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 Price0 Home

At Asking Price0 Home

Under Asking Price3 Homes

Insight

If you're buying a home in Weems, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Weems in January 2025, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Weems, VA

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in Weems has remained consistent over time.

Summary: During January 2025, 3 homes were sold in Weems; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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
103 DaysThis YearJan 2025
70 Days1 year agoJan 2024
+48.1 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Weems had an average listing age of 103 days in Jan 2025, up by 48.1% compared to the previous year.

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Newest Listings in Weems, VA

What homes are available in Weems, VA?

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Nearby markets

Popular Cities with Homes for Sale in Virginia

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Based on information from Northern Neck Association of Realtors MLS, Central Virginia Regional MLS, BrightMLS, and Real Estate Information Network for the period 02/01/2023 - 02/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 10:16:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 2/6/2025, 10:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 2/6/2025, 10:21:04 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 2/6/2025, 10:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.