Is Samuel Miller, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Samuel Miller was a Neutral Market.
Key Takeaway
Samuel Miller is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Samuel Miller, VA
How much do homes in Samuel Miller, VA cost?
Median Sold Price
$1,042,500
$331/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Samuel Miller have sold for 68.1% more than they did a month ago.
Summary: The median home sold price in Samuel Miller was $1,042,500 in May 2024, up 68.1% from last month, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $675K | N/A |
| 3 Bedrooms | $510K | $878K | +72.2% |
| 4 Bedrooms | $636.5K | $926.5K | +45.6% |
| 5+ Bedrooms | $889.5K | $1.8M | +113.5% |
Summary: Samuel Miller housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 72.2%, 4 bedroom homes increased by 45.6%, and 5+ bedroom homes increased by 113.5%.
Median Sold Price Compared To Nearby Cities
| Samuel Miller | $620K | $1.0M | +68.1% |
| Charlottesville | $556.2K | $515K | -7.4% |
| North Garden | $4.9M | $1.0M | -78.2% |
Housing Supply in Samuel Miller, VA
How many homes are available in Samuel Miller, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 82 | 83 | +1.2% |
Summary: The Samuel Miller real estate market had 83 homes for sale in May 2024, a 1.2% 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 | 7 | 0.0% |
| 3 Bedrooms | 26 | 30 | +15.4% |
| 4 Bedrooms | 28 | 27 | -3.6% |
| 5+ Bedrooms | 21 | 19 | -9.5% |
Summary: The Samuel Miller 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 remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 9.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 26 | +100.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Samuel Miller, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Samuel Miller in May 2024, up by 100.0% month-over-month. Of the 26 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for Samuel Miller, VA
How long does it take to sell a home in Samuel Miller, VA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 12 Days | +239.4% |
Summary: Homes in Samuel Miller had an average of 12 days on market in May 2024, up by 239.4% compared to last month.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Samuel Miller are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 26 homes were sold in Samuel Miller; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
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