Is Acquinton, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Acquinton is a buyer's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Acquinton, VA

How much do homes in Acquinton, VA cost?

Median Sold Price

$344,900

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$24,900(+7.8%)

Key Takeaway

Homes in Acquinton have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Acquinton was $344,900 in May 2024, up 7.8% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$165K
N/A
2 $277.5K$285K
+2.7%
3 $314.9K$334.6K
+6.2%
4 $357.6K$350K
-2.1%
5+ $409.2K$438.9K
+7.3%

Summary: Acquinton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 7.3%.

Median Sold Price Compared To Nearby Cities

Saint Stephens Church
+32.6%
Acquinton
+7.8%
King William
+4.5%

Housing Supply in Acquinton, VA

How many homes are available in Acquinton, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
93103+10.8%

Summary: The Acquinton real estate market had 103 homes for sale in May 2024, a 10.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 4352
+20.9%
4 2629
+11.5%
5+ 1714
-17.6%

Summary: The Acquinton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 17.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
880.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Acquinton, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Acquinton in May 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Acquinton, VA

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

Average Sale Time

May 2023May 2024CHANGE
8 Days29 Days+260.6%

Summary: Homes in Acquinton had an average of 29 days on market in May 2024, up by 260.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 8 homes were sold in Acquinton; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Acquinton, VA

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