Is Culpeper, 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, Culpeper was a Buyer's Market.
Housing Prices in Culpeper, VA
How much do homes in Culpeper, VA cost?
Median Sold Price
$433,800
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Culpeper was $433,800 in March 2024, up 11.2% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | - | N/A |
2 Bedrooms | $304.9K | $280K | -8.2% |
3 Bedrooms | $317.4K | $380K | +19.7% |
4 Bedrooms | $440K | $472.5K | +7.4% |
5+ Bedrooms | $502.5K | $520K | +3.5% |
Summary: Culpeper 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 8.2%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
Cedar Mountain | $430K | $491.2K | +14.2% |
Culpeper | $390K | $433.8K | +11.2% |
Salem | $286.5K | $309.5K | +8.0% |
West Fairfax | $389.9K | $395K | +1.3% |
Housing Supply in Culpeper, VA
How many homes are available in Culpeper, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
169 | 182 | +7.7% |
Summary: The Culpeper real estate market had 182 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 66 | 73 | +10.6% |
4 Bedrooms | 61 | 63 | +3.3% |
5+ Bedrooms | 30 | 32 | +6.7% |
Summary: The Culpeper 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 18.2%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 45 | +12.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Culpeper in March 2024, up by 12.5% month-over-month. Of the 45 sold homes, 29% were sold under asking, 31% were sold at asking, and 40% were sold over asking.
Days on Market for Culpeper, VA
How long does it take to sell a home in Culpeper, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 34 Days | +45.4% |
Summary: Homes in Culpeper had an average of 34 days on market in Mar 2024, up by 45.4% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 45 homes were sold in Culpeper; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.