Is Henry, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Henry has remained a Seller's Market.
Key Takeaway
Henry is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Henry, VA
How much do homes in Henry, VA cost?
Median Sold Price
$441,500
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Henry have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Henry was $441,500 in May 2024, up 6.1% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $346.5K | $375K | +8.2% |
| 3 Bedrooms | $340K | $355K | +4.4% |
| 4 Bedrooms | $465K | $495K | +6.5% |
| 5+ Bedrooms | $611.4K | $655K | +7.1% |
Summary: Henry 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 8.2%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Chickahominy | $460.9K | $489.9K | +6.3% |
| Henry | $416K | $441.5K | +6.1% |
| Mechanicsville | $410K | $429.9K | +4.9% |
Housing Supply in Henry, VA
How many homes are available in Henry, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 100 | 102 | +2.0% |
Summary: The Henry real estate market had 102 homes for sale in May 2024, a 2.0% 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 44 | 45 | +2.3% |
| 4 Bedrooms | 29 | 34 | +17.2% |
| 5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The Henry 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 decreased by 14.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Henry, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Henry in May 2024, down by 12.5% month-over-month. Of the 21 sold homes, 10% were sold under asking, 33% were sold at asking, and 57% were sold over asking.
Days on Market for Henry, VA
How long does it take to sell a home in Henry, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 65 Days | +614.3% |
Summary: Homes in Henry had an average of 65 days on market in May 2024, up by 614.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Henry are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in Henry; 90% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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 ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
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.