Is Clarke 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, Clarke County was a Seller's Market.
Housing Prices in Clarke County, VA
How much do homes in Clarke County, VA cost?
Median Sold Price
$512,500
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Clarke County was $512,500 in March 2024, down 2% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $270K | +14.9% |
2 Bedrooms | $253.8K | $320.7K | +26.4% |
3 Bedrooms | $444.9K | $454.9K | +2.2% |
4 Bedrooms | $567.4K | $607.1K | +7.0% |
5+ Bedrooms | $674.9K | $671.2K | -0.5% |
Summary: Clarke County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 26.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Counties
Warren County | $336.8K | $376.2K | +11.7% |
Frederick County | $378.6K | $399.9K | +5.6% |
Loudoun County | $667.4K | $689.6K | +3.3% |
Jefferson County | $359.9K | $368.8K | +2.5% |
Clarke County | $522.9K | $512.5K | -2.0% |
Housing Supply in Clarke County, VA
How many homes are available in Clarke County, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
96 | 105 | +9.4% |
Summary: The Clarke County real estate market had 105 homes for sale in March 2024, a 9.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 46 | 50 | +8.7% |
4 Bedrooms | 22 | 26 | +18.2% |
5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The Clarke County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Clarke County in March 2024, up by 10.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for Clarke County, VA
How long does it take to sell a home in Clarke County, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 39 Days | -36.8% |
Summary: Homes in Clarke County had an average of 39 days on market in Mar 2024, down by 36.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Clarke County; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.