Is Culpeper, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Culpeper has remained a Seller's Market.
Housing Prices in Culpeper, VA
How much do homes in Culpeper, VA cost?
Median Sold Price
$431,583
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Culpeper was $431,583 in April 2024, up 5.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | - | N/A |
2 Bedrooms | $275K | $272K | -1.1% |
3 Bedrooms | $352.5K | $380K | +7.8% |
4 Bedrooms | $465K | $479K | +3.0% |
5+ Bedrooms | $517.5K | $529.9K | +2.4% |
Summary: Culpeper housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Cedar Mountain | $415K | $477K | +14.9% |
East Fairfax | $356.9K | $407.5K | +14.2% |
Salem | $299.3K | $319.4K | +6.7% |
Culpeper | $407.5K | $431.5K | +5.9% |
West Fairfax | $399.9K | $397.5K | -0.6% |
Housing Supply in Culpeper, VA
How many homes are available in Culpeper, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
148 | 162 | +9.5% |
Summary: The Culpeper real estate market had 162 homes for sale in April 2024, a 9.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 58 | 51 | -12.1% |
4 Bedrooms | 56 | 71 | +26.8% |
5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Culpeper housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 41 | -10.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Culpeper in April 2024, down by 10.9% month-over-month. Of the 41 sold homes, 20% were sold under asking, 46% were sold at asking, and 34% were sold over asking.
Days on Market for Culpeper, VA
How long does it take to sell a home in Culpeper, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 29 Days | -13.4% |
Summary: Homes in Culpeper had an average of 29 days on market in Apr 2024, down by 13.4% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 41 homes were sold in Culpeper; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.