Is Cople, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cople was a Seller's Market.
Housing Prices in Cople, VA
How much do homes in Cople, VA cost?
Median Sold Price
$295,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cople was $295,000 in May 2024, up 3.7% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $703K | - | N/A |
2 Bedrooms | $175K | $130.2K | -25.6% |
3 Bedrooms | $263K | $290K | +10.3% |
4 Bedrooms | $415K | $472K | +13.7% |
5+ Bedrooms | $790K | $601.5K | -23.9% |
Summary: Cople housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 23.9%.
Housing Supply in Cople, VA
How many homes are available in Cople, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 80 | +21.2% |
Summary: The Cople real estate market had 80 homes for sale in May 2024, a 21.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 39 | 50 | +28.2% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Cople housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 6 | -45.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Cople in May 2024, down by 45.5% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Cople, VA
How long does it take to sell a home in Cople, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
71 Days | 25 Days | -64.9% |
Summary: Homes in Cople had an average of 25 days on market in May 2024, down by 64.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Cople; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.