$4,239 Closing Credit*
$357,000
1,935 SqFt
4 Beds
•2 Full Baths
Kelly Thornton, Listing Office: Long & Foster Real Estate, Inc.
Is Culpeper, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Culpeper has remained a Seller's Market.
Key Takeaway
Culpeper is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Culpeper, VA
How much do homes in Culpeper, VA cost?
Median Sold Price
$459,950
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$44,950(+10.8%)
Key Takeaway
Homes in Culpeper have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Culpeper was $459,950 in August 2024, up 10.8% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $434K | +44.7% |
| 2 Bedrooms | $269K | $275K | +2.2% |
| 3 Bedrooms | $375K | $387K | +3.2% |
| 4 Bedrooms | $460K | $499K | +8.5% |
| 5+ Bedrooms | $530K | $515K | -2.8% |
Summary: Culpeper housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.7%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Cedar Mountain | $450K | $510K | +13.3% |
| Salem | $299.6K | $332.8K | +11.1% |
| Culpeper | $415K | $459.9K | +10.8% |
| West Fairfax | $380K | $420K | +10.5% |
Housing Supply in Culpeper, VA
How many homes are available in Culpeper, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 176 | 175 | -0.6% |
Summary: The Culpeper real estate market had 175 homes for sale in August 2024, a 0.6% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 14 | +100.0% |
| 3 Bedrooms | 73 | 81 | +11.0% |
| 4 Bedrooms | 62 | 60 | -3.2% |
| 5+ Bedrooms | 33 | 19 | -42.4% |
Summary: The Culpeper housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 42.4%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 56 | 48 | -14.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Culpeper, expect to pay close to the asking price. 52.1% of homes here sold near the asking price last month.
Summary: A total of 48 homes were sold or pending in Culpeper in August 2024, down by 14.3% month-over-month. Of the 48 sold homes, 27% were sold under asking, 52% were sold at asking, and 21% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 29 Days | 46 Days | +58.0% |
Summary: Homes in Culpeper had an average of 46 days on market in Aug 2024, up by 58% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Culpeper has remained consistent over time.
Summary: During August 2024, 48 homes were sold in Culpeper; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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