Is Bumpass, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bumpass was a Neutral Market.
Housing Prices in Bumpass, VA
How much do homes in Bumpass, VA cost?
Median Sold Price
$393,633
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bumpass was $393,633 in April 2024, up 6.8% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $210K | N/A |
2 Bedrooms | $392.5K | $235K | -40.1% |
3 Bedrooms | $325.6K | $375K | +15.2% |
4 Bedrooms | $466.9K | $545K | +16.7% |
5+ Bedrooms | $910.5K | $1.3M | +50.5% |
Summary: Bumpass housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40.1%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50.5%.
Median Sold Price Compared To Nearby Cities
Cuckoo | $354.9K | $450K | +26.8% |
Jackson | $340K | $389.7K | +14.6% |
Bumpass | $368.5K | $393.6K | +6.8% |
Mountain Road | $350K | $366.5K | +4.7% |
Housing Supply in Bumpass, VA
How many homes are available in Bumpass, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
97 | 109 | +12.4% |
Summary: The Bumpass real estate market had 109 homes for sale in April 2024, a 12.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 51 | 60 | +17.6% |
4 Bedrooms | 28 | 29 | +3.6% |
5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Bumpass housing inventory by bedroom type for April 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 17.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Bumpass in April 2024, the same as the previous month. Of the 19 sold homes, 42% were sold under asking, 42% were sold at asking, and 16% were sold over asking.
Days on Market for Bumpass, VA
How long does it take to sell a home in Bumpass, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 31 Days | +6.0% |
Summary: Homes in Bumpass had an average of 31 days on market in Apr 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Bumpass; 53% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.