March 6, 2024 – MyMarketPulse (mymarketpulse.com) just released the list of the Hottest Markets in Virginia for January 2024.
Where are homes selling fastest and at the best prices? Curious if there are markets in Virginia where there is a high demand for homes? MyMarketPulse took a deep dive into it, exploring where in Virginia the markets are the hottest.
What We Found
We looked at each county, pulling up the median sale prices sales volume from Redfin, focusing on counties with 25 or more home sales per month. We assign a MarketPulse score based on the three-month weighted average of home sales volume and sale prices versus previous twelve months. Counties were then ranked from highest to lowest based on this score.
The Highlights
In Virginia, the hottest-selling market is Petersburg, where the MarketPulse Score is 99 and the median sales price comes in at $205,000 with 32 homes sold.
On the flip side, Fairfax County sits at the bottom of the market with a MarketPulse Score of 79 with 233 homes sold.
Hottest Markets in Virginia
1. Petersburg. MarketPulse Score of 99
2. Mecklenburg County. MarketPulse Score of 99
3. Shenandoah County. MarketPulse Score of 96
4. Henry County. MarketPulse Score of 95
5. Powhatan County. MarketPulse Score of 94
For more information about the 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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