Question 1

What is the median sold price in South Hill?

Accepted Answer

The median sold price in South Hill is $227,500 based on 85 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in South Hill?

Accepted Answer

The average sold price in South Hill is $267,976. Note that the average ($267,976) is higher than the median ($227,500), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in South Hill?

Accepted Answer

Home prices in South Hill range from $132,500 to $875,000 based on recent sales data. This $742,500 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in South Hill selling above or below asking price?

Accepted Answer

On average, homes in South Hill are selling at 97.0% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in South Hill?

Accepted Answer

Homes in South Hill are selling in an average of 39 days. This indicates a seller's market with strong demand. Buyers have reasonable time to make decisions without feeling rushed.

Question 6

What is the price per square foot in South Hill?

Accepted Answer

The average price per square foot in South Hill is $252. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $504,000.

Question 7

How active is the real estate market in South Hill?

Accepted Answer

The South Hill market has seen 85 home sales over the past 2 years, with 8 properties currently for sale. With limited inventory, this is a competitive market favoring sellers.

Question 8

What types of properties are selling in South Hill?

Accepted Answer

The most common property types selling in South Hill are: lowrise apartment (52 sold, avg $235,952), townhouse (16 sold, avg $163,438), detached single family (8 sold, avg $271,888). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

How much do detached homes cost in South Hill?

Accepted Answer

Detached homes in South Hill are selling for an average of $271,888, with 8 sales over the past 2 years.

Question 10

How much do condos cost in South Hill?

Accepted Answer

Condos and apartments in South Hill are selling for an average of $235,952, with 52 sales over the past 2 years. Condos typically offer a more affordable entry point into the South Hill market.

Question 11

How much do townhouses cost in South Hill?

Accepted Answer

Townhouses in South Hill are selling for an average of $163,438, with 16 sales over the past 2 years. Townhouses often provide a middle ground between condo living and detached home ownership.

Question 12

Are home prices rising or falling in South Hill?

Accepted Answer

Home prices in South Hill have decreased by 28.0% over the past 2 years. The average sold price moved from $270,750 to $195,000. This downward trend may present buying opportunities for purchasers.

Question 13

Is South Hill a buyer's or seller's market?

Accepted Answer

Based on current data, South Hill is a slight seller's market. Homes are selling in 39 days on average and at 97.0% of asking price. Sellers have an advantage, but buyers can still find opportunities with well-crafted offers.

Question 14

What percentage of homes sell above asking price in South Hill?

Accepted Answer

In South Hill, 6% of homes sold above asking price, while 80% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 15

What are the average property taxes in South Hill?

Accepted Answer

The average annual property tax in South Hill is $2,059, with a median of $1,861. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 16

What size homes are selling in South Hill?

Accepted Answer

Homes selling in South Hill range from 598 to 2,916 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 17

How much do home prices vary in South Hill?

Accepted Answer

South Hill shows moderate price diversity with a standard deviation of $154,330 around the average price of $267,976. This wide range indicates a diverse market with options at many price points.

Question 18

How do I find out how much a house sold for in South Hill?

Accepted Answer

Simply search our South Hill sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 19

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in South Hill will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 20

Do you show all MLS® sold listings for South Hill?

Accepted Answer

Our feed captures all MLS® listings sold page data available for South Hill. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

South Hill Homes Sold in the Last 30 Days

South Hill Sold Data Overview

Recently Sold in South Hill

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Sold Data & Market Statistics for South Hill

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2-Year Market Trends: All Property Types

Negotiation & Cost Insights

Condo carrying costsn=52 condo sales (last 2y)

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