Is Falmouth, 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, Falmouth has remained a Seller's Market.
Housing Prices in Falmouth, VA
How much do homes in Falmouth, VA cost?
Median Sold Price
$424,950
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Falmouth was $424,950 in April 2024, down 1.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $299K | N/A |
2 Bedrooms | $327.2K | $334.9K | +2.4% |
3 Bedrooms | $375K | $368K | -1.9% |
4 Bedrooms | $492.5K | $495K | 0.5% |
5+ Bedrooms | $601K | $575K | -4.3% |
Summary: Falmouth 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 increased by 2.4%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
Aquia | $453.3K | $485K | +7.0% |
Hartwood | $579K | $597.3K | +3.2% |
George Washington | $417K | $430K | +3.1% |
Fredericksburg | $430.1K | $439.9K | +2.3% |
Falmouth | $432K | $424.9K | -1.6% |
Housing Supply in Falmouth, VA
How many homes are available in Falmouth, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 82 | +26.2% |
Summary: The Falmouth real estate market had 82 homes for sale in April 2024, a 26.2% 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 | 8 | 13 | +62.5% |
3 Bedrooms | 23 | 26 | +13.0% |
4 Bedrooms | 21 | 26 | +23.8% |
5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Falmouth 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 62.5%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 24 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Falmouth in April 2024, up by 50.0% month-over-month. Of the 24 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Falmouth, VA
How long does it take to sell a home in Falmouth, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 14 Days | -47.3% |
Summary: Homes in Falmouth had an average of 14 days on market in Apr 2024, down by 47.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Falmouth; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.