Prince Edward County has a much older population than other areas in Virginia with a median age of 31 years. It is also less affluent than average with a median income of $41,261 per household. Its three largest cities are Farmville, Hampden Sydney, and Pamplin City. Detached homes account for 98% of the area's current housing market. Heading the list of top schools in the county is Eureka Elementary School.
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$135K  
The Prince Edward County market pulled back with a 20.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 9.3 monthly average with eight homes sold. Within the same time period, Powhatan County had 61 sales, the most of all counties in the area. Prices are falling in Prince Edward County, and this period the median price of all sales fell from $134,500 to $120,000. Prince Edward County is a definite buyer's market, due to a big 16 months of inventory left and aided by the dip in sales.
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$225K  
Home sales in the Prince Edward County market dipped below its average sales volume for the prior 12-month period. In this week's report, they fell 18.2% to nine homes sold over the last 30 days. On the other hand, close-by Powhatan County registered 64 home sales in the same period, the most of all surrounding counties. Prices are rising in Prince Edward County, and the median sales price this period increased from $117,500 to $149,000. Prince Edward County is a solid buyer's market, due to a big 14 months of inventory left and aided by the dip in sales.
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$499K  
The number of sellers reducing prices in the Prince Edward County market trended up to nine over the last 30 days, extending a three-week streak. During the same period, 11 sales were completed. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Potential buyers should note that prices are coming down in Prince Edward County, and for this period the median sales price slid from $150,000 to $117,500. Prince Edward County is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of 11 months of remaining inventory.
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$225K  
The Prince Edward County market lost steam with a 41.2% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (9.2) with 10 homes sold. Meanwhile, Powhatan County reported 52 home sales, the highest number from all the surrounding counties. Prices are falling in Prince Edward County, and this period the median price of all sales fell from $175,000 to $150,000. With decreasing sales and the availability of 12 months of inventory, Prince Edward County is a definite buyer's market.
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$189K  
The Prince Edward County market slowed this week but was still better than normal as sales fell 15.0% to 17 homes sold over the last 30 days. In comparison, nearby Powhatan County had 60 sales in the same time frame, the most of all neighboring counties. The median sales price rose to $175,000, up from last week's $157,500. Prince Edward County is a definite buyer's market, due to a big seven months of inventory left and aided by the dip in sales.
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With 23,368 residents, Prince Edward County is an average-sized county in Virginia. Also, with 66.8 people per square mile, it has a lower than average density in comparison to other parts of the state. The three cities with the largest populations are Farmville, Hampden Sydney, and Pamplin City. Prince Edward County is an area where most people own their homes, with an ownership ratio of 52.8%. The top school in the county is Eureka Elementary School.
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$269K  
The Prince Edward County market saw sales remain flat this week with 19 homes sold over the last 30 days, while new listings climbed to 17. Potential buyers should note that prices are coming down in Prince Edward County, and for this period the median sales price slid from $175,000 to $165,000.
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$339K  
Sales fell in the Prince Edward County market to 18 homes sold over the last 30 days. It's also under an established downward trend in the number of contracts closing, with this week's number falling to 11. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price climbed to $175,000, up from last week's $165,000. A downturn in contracts, coupled with the availability of seven months of inventory, prove that Prince Edward County is a strong buyer's market.
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$135K  
The Prince Edward County market looked very busy in this week's report, as the number of home sales jumped 58.3%, pushing the total to 19 homes sold over the last 30 days. At the same time, Powhatan County reported 50 home sales, the highest number from all the surrounding counties. The median sales price rose to $165,000, up from last week's $151,000.
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