Is Culpeper County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Culpeper County has remained a Seller's Market.
Housing Prices in Culpeper County, VA
How much do homes in Culpeper County, VA cost?
Median Sold Price
$459,333
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Culpeper County was $459,333 in May 2024, up 5.6% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $301.7K | +0.6% |
2 Bedrooms | $275K | $279.9K | +1.8% |
3 Bedrooms | $381.1K | $403.6K | +5.9% |
4 Bedrooms | $505K | $525K | +4.0% |
5+ Bedrooms | $537.5K | $537.4K | 0% |
Summary: Culpeper County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Fauquier County | $519.9K | $593.4K | +14.1% |
Culpeper County | $435K | $459.3K | +5.6% |
Orange County | $385K | $399.9K | +3.9% |
Rappahannock County | $663.6K | $525K | -20.9% |
Housing Supply in Culpeper County, VA
How many homes are available in Culpeper County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
265 | 311 | +17.4% |
Summary: The Culpeper County real estate market had 311 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 23 | 22 | -4.3% |
3 Bedrooms | 95 | 116 | +22.1% |
4 Bedrooms | 108 | 126 | +16.7% |
5+ Bedrooms | 37 | 45 | +21.6% |
Summary: The Culpeper County 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 decreased by 4.3%, 3 bedroom homes increased by 22.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 21.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
55 | 68 | +23.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 68 homes were sold or pending in Culpeper County in May 2024, up by 23.6% month-over-month. Of the 68 sold homes, 25% were sold under asking, 37% were sold at asking, and 38% were sold over asking.
Days on Market for Culpeper County, VA
How long does it take to sell a home in Culpeper County, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 18 Days | -24.2% |
Summary: Homes in Culpeper County had an average of 18 days on market in May 2024, down by 24.2% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 68 homes were sold in Culpeper County; 78% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.