South Hill, VA Home Values & Market Trends

Real estate market trends reflect that there have been 84 transactions over the past year in South Hill. The median value for residential home transactions that occurred over the previous year is $173,215.34. The number of current listings in South Hill is 15, and the percentage of properties for sale in the city is 15.00%. South Hill, VA currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 15 properties for sale.

South Hill, VA Real Estate Market Overview

ZipMedian Est. Value
23970

$ 219,000

$ 140/sqft

Housing Market Summary for South Hill, VA

Apr 2023March 2024Change
Median Listing Price$275K$197.4K-28.20%
Median Sold Price$102.4K$197.4K92.77%
Homes For Sale132053.85%
Homes Sold46508.70%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in South Hill, VA

South Hill home values range from $22,460 to $1,514,842. The median estimated value of a home in South Hill is $173,215.34. The median list price of a home is 225,000, and the total count of properties in the city is 2,906.

Foreclosure
There is 1 zips within South Hill, VA; within this zips, the median estimated home value for homes in foreclosure ranges from $96,992 in 23970 to the lowest value of $96,992 in 23970. Foreclosure homes account for 0.00% of properties in South Hill, VA with 23970 containing 1 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in South Hill, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within South Hill, VA; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in South Hill, VA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in South Hill, VA. There is 1 zips within South Hill, VA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    23970 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of South Hill, VA. Auction homes and other auction properties account for 0.03% of all properties in South Hill, VA. There is 1 zips within South Hill, VA; of that zips, the median estimated home value for homes going to auction ranges from $96,992 in 23970 to the lowest value of $96,992 in 23970.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.52% of residential properties in South Hill, VA with 23970 containing 15 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within South Hill, VA; homes for sale in that zips, have a range of median values from $1,319,476 in 23970 to the lowest value of $85,348 in 23970.
    Sold Homes
    The median value for recently sold homes ranges from $691,441 in 23970 to the lowest price of $40,152 in 23970. There is 1 zips within South Hill, VA. 23970 has 47 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.62% of properties in South Hill, VA.

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      Guide for South Hill, VA

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      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
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      Richmond Real Estate on the Rise: Property Values Up 7% from 2023 to 2024
      Market Reports|posted 1 April 2024

      Richmond’s real estate market shows consistent growth, with trends indicating increasing property values and demand.

      Steady Growth Marks Norfolk Real Estate Landscape; Property Value Reaches $315K in March 2024
      Market Reports|posted 25 March 2024

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      Chesapeake Property Values Rise 7%, Sales Dynamics Vary in Recent Analysis
      Market Reports|posted 20 March 2024

      The Chesapeake real estate market has seen steady growth in property values, increasing by 7% over 11 months.

      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
      Market Reports|posted 13 February 2024

      The property market in Virginia Beach, VA, has generally seen an increase in property values, per square foot values, and sold prices from 2022 to 2023. Factors such as economic growth and societal changes may contribute to this upward trend.

      Recently Listed Homes South Hill, VA

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