$389,995
2,192 SqFt
4 Beds
•3 Full Baths
Listing Office: LONG & FOSTER - BOTETOURT
September 2024
Report Updated 30 Days Ago
Is Cave Spring, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Cave Spring has remained a Seller's Market.
How much do homes in Cave Spring, VA cost?
$331,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
Summary: The median home sold price in Cave Spring was $331,000 in September 2024, up 5.1% from last year, and the median price per square foot was $171.
# BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $121K | $141K | +16.5% |
2 Bedrooms | $172.2K | $189.2K | +9.9% |
3 Bedrooms | $280K | $319.5K | +14.1% |
4 Bedrooms | $385K | $417.5K | +8.4% |
5+ Bedrooms | $460K | $502.2K | +9.2% |
Summary: Cave Spring housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 9.2%.
Blackwater | $299.9K | $325K | +8.4% |
Roanoke | $250K | $269.9K | +8.0% |
Cave Spring | $315K | $331K | +5.1% |
Boone | $315K | $330K | +4.8% |
Windsor Hills | $371.4K | $378.2K | +1.8% |
How many homes are available in Cave Spring, VA?
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
78 | 85 | +9.0% |
Summary: The Cave Spring real estate market had 85 homes for sale in September 2024, a 9.0% increase compared to August 2024.
# BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 27 | 26 | -3.7% |
4 Bedrooms | 29 | 32 | +10.3% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Cave Spring housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 22.2%.
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
31 | 18 | -41.9% |
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Cave Spring in September 2024, down by 41.9% month-over-month. Of the 18 sold homes, 50% were sold under asking, 22% were sold at asking, and 28% were sold over asking.
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Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 30 Days Ago
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Based on information from Roanoke Valley Association of Realtors MLS, Central Virginia Regional MLS, and Real Estate Information Network for the period 10/01/2022 - 10/01/2024
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Last updated on: 10/31/2024, 6:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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