Is Goochland, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Goochland was a Seller's Market.
Key Takeaway
Goochland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Goochland, VA
How much do homes in Goochland, VA cost?
Median Sold Price
$423,750
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Goochland have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Goochland was $423,750 in May 2024, up 10.1% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $271K | N/A |
| 3 Bedrooms | $354.9K | $365K | +2.8% |
| 4 Bedrooms | $580K | $678.3K | +17.0% |
| 5+ Bedrooms | $685K | $699.9K | +2.2% |
Summary: Goochland 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 did not change, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Maidens | $439.9K | $518.2K | +17.8% |
| Gum Spring | $335K | $380K | +13.4% |
| Goochland | $385K | $423.7K | +10.1% |
| Sandy Hook | $514.9K | $542.4K | +5.3% |
Housing Supply in Goochland, VA
How many homes are available in Goochland, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 51 | +21.4% |
Summary: The Goochland real estate market had 51 homes for sale in May 2024, a 21.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 8 | 14 | +75.0% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Goochland 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 100%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Goochland, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Goochland in May 2024, up by 300.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 63% were sold at asking, and 13% were sold over asking.
Days on Market for Goochland, VA
How long does it take to sell a home in Goochland, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 17 Days | +8.3% |
Summary: Homes in Goochland had an average of 17 days on market in May 2024, up by 8.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Goochland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Goochland; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.