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

Judith Zeng
Coldwell Banker real estate agent Annie Beyersdorf meets with Robby Schroeder and Michael Jacobs before a home inspection on a home that the couple has an accepted offer to purchase on March 28, 2022, in Grand Chute, Wis. Three months ago, they sold their home and started to hunt for a new, larger one with character inside and out. It took them three months, almost 30 private visits and open houses, and four offers before they were able to land a home.

Coldwell Banker real estate agent Annie Beyersdorf fulfills with Robby Schroeder and Michael Jacobs prior to a dwelling inspection on a house that the couple has an acknowledged give to invest in on March 28, 2022, in Grand Chute, Wis. 3 months in the past, they marketed their residence and started out to hunt for a new, more substantial a single with character inside and out. It took them 3 months, virtually 30 personal visits and open up residences, and four gives in advance of they ended up able to land a dwelling.

A normal Petersburg property stated for $190,000 in April, up 2.8% from a month previously, an examination of information from Realtor.com reveals.

The median record residence rate in April was up about 26.7% from April 2021. Petersburg’s median home was 1,458 sq. ft for a listed value of $132 per square foot.

The Petersburg sector was busy, with a median 33 days on market. A thirty day period earlier, residences had a median 27 days on market. The industry added 92 new property listings in April, as opposed with the 96 included in April 2021. The sector finished the month with some 74 listings of houses for sale.

Information on your nearby housing market is accessible by means of the United states of america Today Network, with more facts from Realtor.com.

What were Petersburg-location household charges in April? Here’s a county-by-county breakdown

Colonial Heights’ residence rates rose 5.2%, to a median $242,000, from a thirty day period previously. The normal household was on the sector for 28 days, from 30 times a thirty day period previously. The common 1,446-square-foot dwelling experienced a record selling price of $159 for each sq. foot.

Hopewell’s property charges fell 5.9%, to a median $225,000, from a month before. The normal house was on the sector for 35 days, from 26 times a thirty day period before. The standard 1,425-square-foot residence had a listing value of $159 per square foot.

Throughout metro Richmond, median dwelling costs rose to $375,000, up 4.2% from a month before. The median residence experienced 1,946 square ft, at a record cost of $196 for every square foot.

Throughout all of Virginia, median house costs ended up $409,950, growing 4.5% from a month before. The median Virginia household for sale experienced 1,965 sq. toes at list price of $203 for each square foot.

Across the United States, median home charges have been $425,000, up 5% from a month previously. The median American home for sale had 1,821 square ft, mentioned at $220 for every sq. foot.

The median house list selling price — the midway point of all the homes or units detailed around a interval of time — is utilized much more typically in this report instead of the average dwelling record selling price since industry experts say the median offers a extra precise look at of what is actually going on in a current market. In getting the normal price tag, all prices of homes listed are included and then divided by the variety of properties bought. This measure can be skewed by one lower or large price tag.

The Usa Nowadays Community is publishing localized versions of this tale on its information websites across the nation, generated with knowledge from the Realtor.com household listings database.. The tale was penned by Mike Stucka and Sean Lahman.

This short article initially appeared on The Development-Index: Petersburg-region properties for sale rise to $190,000 median value

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