Petersburg-area home prices rise 2.8% in April, with houses for sale in high demand

A common Petersburg residence shown for $190,000 in April, up 2.8% from a month previously, an evaluation of data from Realtor.com displays.

The median checklist household price tag in April was up about 26.7% from April 2021. Petersburg’s median property was 1,458 square feet for a outlined selling price of $132 for every sq. foot.

The Petersburg current market was occupied, with a median 33 times on marketplace. A thirty day period earlier, residences experienced a median 27 days on market. The sector extra 92 new dwelling listings in April, in comparison with the 96 additional in April 2021. The market finished the month with some 74 listings of residences for sale.

Facts on your neighborhood housing current market is readily available via the Usa Right now Community, with far more details from Real estate agent.com.

What were Petersburg-area property prices in April? Here is a county-by-county breakdown

Colonial Heights’ property price ranges rose 5.2%, to a median $242,000, from a thirty day period before. The standard household was on the sector for 28 days, from 30 days a month before. The typical 1,446-square-foot dwelling had a checklist rate of $159 per sq. foot.

Hopewell’s home costs fell 5.9%, to a median $225,000, from a thirty day period previously. The regular home was on the marketplace for 35 times, from 26 times a thirty day period before. The common 1,425-sq.-foot dwelling experienced a checklist cost of $159 per square foot.

Across metro Richmond, median house selling prices rose to $375,000, up 4.2% from a month previously. The median property experienced 1,946 sq. feet, at a record rate of $196 per square foot.

Throughout all of Virginia, median house costs were $409,950, mounting 4.5% from a thirty day period before. The median Virginia dwelling for sale experienced 1,965 square toes at listing cost of $203 for each square foot.

Across the United States, median residence rates were $425,000, up 5% from a month previously. The median American household for sale had 1,821 square toes, detailed at $220 for every square foot.

The median residence listing price tag — the midway issue of all the residences or units listed more than a interval of time — is applied more normally in this report in its place of the normal home list selling price since professionals say the median gives a much more accurate view of what is actually happening in a sector. In finding the ordinary value, all price ranges of residences outlined are included and then divided by the amount of homes bought. This measure can be skewed by one lower or superior rate.

The United states These days Network is publishing localized variations of this story on its information websites throughout the place, generated with details from the Realtor.com household listings databases.. The tale was published by Mike Stucka and Sean Lahman.

This short article initially appeared on The Development-Index: Petersburg-location properties for sale increase to $190,000 median price tag