MyMarketPulse (mymarketpulse.com) has unveiled its analysis for May 2024, focusing on the property market trends in Colonial Heights, Virginia.
The Median Sale Price for properties in Colonial Heights was documented at $291,000 for May 2024. This price point is an upward move of 18.5% from the previous month and shows a 17.3% rise from the year before.
The region reported 14 home sales, marking a reduction of 36.4% from the prior month, and 36.4% decrease year-over-year.
Furthermore, homes in Colonial Heights were on the market for an average of 16 days before selling, reflecting an increase of 1 day days month-over-month and an increase of 7 days day year-over-year.
Currently, with a Market Pulse Score of 98, Colonial Heights’s real estate market appears to be experiencing a downtrend.
For more information about the Colonial Heights, Virginia market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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