Is Scott, 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, Scott has remained a Seller's Market.
Housing Prices in Scott, VA
How much do homes in Scott, VA cost?
Median Sold Price
$749,250
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Scott was $749,250 in May 2024, up 11% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $800K | +150.0% |
2 Bedrooms | $324.5K | $380K | +17.1% |
3 Bedrooms | $495K | $599K | +21.0% |
4 Bedrooms | $715K | $765K | +7.0% |
5+ Bedrooms | $800K | $925K | +15.6% |
Summary: Scott housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Cities
Center | $475K | $561.3K | +18.2% |
Broad Run | $608.8K | $710.5K | +16.7% |
Scott | $675K | $749.2K | +11.0% |
Housing Supply in Scott, VA
How many homes are available in Scott, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
94 | 98 | +4.3% |
Summary: The Scott real estate market had 98 homes for sale in May 2024, a 4.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 21 | 18 | -14.3% |
4 Bedrooms | 40 | 43 | +7.5% |
5+ Bedrooms | 31 | 33 | +6.5% |
Summary: The Scott 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 decreased by 14.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 27 | -10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Scott in May 2024, down by 10.0% month-over-month. Of the 27 sold homes, 15% were sold under asking, 15% were sold at asking, and 70% were sold over asking.
Days on Market for Scott, VA
How long does it take to sell a home in Scott, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 16 Days | -2.2% |
Summary: Homes in Scott had an average of 16 days on market in May 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in Scott; 85% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.