Patrick Springs, VA Home Values & Market Trends

Real estate market trends reflect that there have been 18 transactions over the past year in Patrick Springs. The median value for residential home transactions that occurred over the previous year is $128,350.54. The number of current listings in Patrick Springs is 3, and the percentage of properties for sale in the city is 3.00%. Patrick Springs, VA currently has 3 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 3 properties for sale.

Patrick Springs, VA Real Estate Market Overview

ZipMedian Est. Value
24133

$ 187,710

$ 108/sqft

Housing Market Summary for Patrick Springs, VA

Mar 2023February 2024Change
Median Listing Price$366.7K$158.3K-56.83%
Median Sold Price$120K$158.3K31.92%
Homes For Sale21-50.00%
Homes Sold101990.00%
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 Patrick Springs, VA

Patrick Springs home values range from $15,000 to $738,477. The median estimated value of a home in Patrick Springs is $128,350.54. The median list price of a home is 279,000, and the total count of properties in the city is 1,040.

Foreclosure
There is 1 zips within Patrick Springs, VA; within this zips, the median estimated home value for homes in foreclosure ranges from $150,972 in 24133 to the lowest value of $72,051 in 24133. Foreclosure homes account for 0.00% of properties in Patrick Springs, VA with 24133 containing 3 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Patrick Springs, 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 Patrick Springs, 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 Patrick Springs, VA ranges from the highest value of $150,972 in 24133 to the lowest value of $150,972 in 24133. Bank owned homes and properties account for 0.10% of properties in Patrick Springs, VA. There is 1 zips within Patrick Springs, VA; 24133 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    24133 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Patrick Springs, VA. Auction homes and other auction properties account for 0.19% of all properties in Patrick Springs, VA. There is 1 zips within Patrick Springs, VA; of that zips, the median estimated home value for homes going to auction ranges from $121,553 in 24133 to the lowest value of $72,051 in 24133.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.29% of residential properties in Patrick Springs, VA with 24133 containing 3 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Patrick Springs, VA; homes for sale in that zips, have a range of median values from $738,477 in 24133 to the lowest value of $177,968 in 24133.
    Sold Homes
    The median value for recently sold homes ranges from $303,133 in 24133 to the lowest price of $47,290 in 24133. There is 1 zips within Patrick Springs, VA. 24133 has 17 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.63% of properties in Patrick Springs, VA.

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      Guide for Patrick Springs, VA

      Market Reports
      Chesapeake Property Values Rise 7%, Sales Dynamics Vary in Recent Analysis
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      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
      gavel for real estate auction
      Home Buying Guides & Tips
      Virginia Foreclosure Laws
      Market Reports
      Newark Real Estate Market Report, 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.

      gavel for real estate auction
      Virginia Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2015

      Virginia Foreclosure Laws

      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.

      Recently Listed Homes Patrick Springs, VA

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