Is Culpeper 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, Culpeper County was a Buyer's Market.
Housing Prices in Culpeper County, VA
How much do homes in Culpeper County, VA cost?
Median Sold Price
$450,833
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Culpeper County was $450,833 in March 2024, up 8.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $350.5K | +16.8% |
2 Bedrooms | $280.7K | $279.9K | -0.3% |
3 Bedrooms | $350.4K | $400K | +14.2% |
4 Bedrooms | $480K | $515K | +7.3% |
5+ Bedrooms | $508K | $545K | +7.3% |
Summary: Culpeper County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.8%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Counties
Fauquier County | $513.7K | $585K | +13.9% |
Orange County | $364K | $399.7K | +9.8% |
Culpeper County | $416K | $450.8K | +8.4% |
Madison County | $391K | $385K | -1.5% |
Housing Supply in Culpeper County, VA
How many homes are available in Culpeper County, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
259 | 273 | +5.4% |
Summary: The Culpeper County real estate market had 273 homes for sale in March 2024, a 5.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 17 | 20 | +17.6% |
3 Bedrooms | 110 | 117 | +6.4% |
4 Bedrooms | 91 | 93 | +2.2% |
5+ Bedrooms | 39 | 41 | +5.1% |
Summary: The Culpeper 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 17.6%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 5.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 67 | +15.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Culpeper County in March 2024, up by 15.5% month-over-month. Of the 67 sold homes, 27% were sold under asking, 27% were sold at asking, and 46% were sold over asking.
Days on Market for Culpeper County, VA
How long does it take to sell a home in Culpeper County, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 37 Days | +41.9% |
Summary: Homes in Culpeper County had an average of 37 days on market in Mar 2024, up by 41.9% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 67 homes were sold in Culpeper County; 66% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.