Is Caroline County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Caroline County was a Seller's Market.
Key Takeaway
Caroline County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Caroline County, VA
How much do homes in Caroline County, VA cost?
Median Sold Price
$330,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Caroline County have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Caroline County was $330,000 in March 2024, down 1.5% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | $255K | $232.5K | -8.8% |
| 3 Bedrooms | $305K | $310K | +1.6% |
| 4 Bedrooms | $390K | $375K | -3.8% |
| 5+ Bedrooms | $452.9K | $414.9K | -8.4% |
Summary: Caroline County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 8.4%.
Median Sold Price Compared To Nearby Counties
| Essex County | $254.9K | $282.5K | +10.8% |
| King and Queen County | $255K | $275.8K | +8.2% |
| King William County | $314.9K | $335.3K | +6.5% |
| King George County | $419.9K | $439.9K | +4.8% |
| Caroline County | $335K | $330K | -1.5% |
Housing Supply in Caroline County, VA
How many homes are available in Caroline County, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 314 | 318 | +1.3% |
Summary: The Caroline County real estate market had 318 homes for sale in March 2024, a 1.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 178 | 182 | +2.2% |
| 4 Bedrooms | 90 | 87 | -3.3% |
| 5+ Bedrooms | 36 | 36 | 0.0% |
Summary: The Caroline County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 43 | +10.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Caroline County, you may be able to get a good deal. 39.5% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in Caroline County in March 2024, up by 10.3% month-over-month. Of the 43 sold homes, 40% were sold under asking, 35% were sold at asking, and 26% were sold over asking.
Days on Market for Caroline County, VA
How long does it take to sell a home in Caroline County, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 76 Days | 31 Days | -58.6% |
Summary: Homes in Caroline County had an average of 31 days on market in Mar 2024, down by 58.6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Caroline County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 43 homes were sold in Caroline County; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.