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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bristol is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Bristol has remained a Seller's Market.

Key Takeaway

Bristol is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bristol, VA

How much do homes in Bristol, VA cost?

Median Sold Price

$211,900

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$21,950(+11.6%)

Key Takeaway

Homes in Bristol have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in Bristol was $211,900 in May 2024, up 11.6% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$84.5K
N/A
2 $124.9K$150.5K
+20.4%
3 $200K$215K
+7.5%
4 $297.5K$315K
+5.9%
5+ $363.5K$537.5K
+47.9%

Summary: Bristol 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 20.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 47.9%.

Median Sold Price Compared To Nearby Cities

Wilson
+26.0%
Bristol
+11.6%
Bristol
+11.6%
Bristol
+5.0%
Tyler
-4.1%

Housing Supply in Bristol, VA

How many homes are available in Bristol, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
116125+7.8%

Summary: The Bristol real estate market had 125 homes for sale in May 2024, a 7.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 2526
+4.0%
3 6364
+1.6%
4 1823
+27.8%
5+ 911
+22.2%

Summary: The Bristol 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 4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2633+26.9%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bristol, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Bristol in May 2024, up by 26.9% month-over-month. Of the 33 sold homes, 48% were sold under asking, 24% were sold at asking, and 27% were sold over asking.

Days on Market for Bristol, VA

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

Average Sale Time

May 2023May 2024CHANGE
65 Days67 Days+2.9%

Summary: Homes in Bristol had an average of 67 days on market in May 2024, up by 2.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bristol has remained consistent over time.

Summary: During May 2024, 33 homes were sold in Bristol; 18% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 18% 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 11 Days Ago

Newest Listings in Bristol, VA

Nearby Markets to Bristol, VA

What housing markets are near Bristol, VA?