Is Fork, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fork has remained a Neutral Market.
Key Takeaway
Fork is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fork, VA
How much do homes in Fork, VA cost?
Median Sold Price
$388,500
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fork have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Fork was $388,500 in March 2024, up 7.9% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $249.9K | -12.3% |
| 3 Bedrooms | $360K | $377.4K | +4.8% |
| 4 Bedrooms | $367K | $431.8K | +17.7% |
| 5+ Bedrooms | $591.6K | $489.9K | -17.2% |
Summary: Fork 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 12.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes decreased by 17.2%.
Median Sold Price Compared To Nearby Cities
| Front Royal | $300K | $364.2K | +21.4% |
| South River | $325K | $367K | +12.9% |
| Fork | $360K | $388.5K | +7.9% |
| North River | $355K | $327.5K | -7.7% |
Housing Supply in Fork, VA
How many homes are available in Fork, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 71 | 79 | +11.3% |
Summary: The Fork real estate market had 79 homes for sale in March 2024, a 11.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 33 | 35 | +6.1% |
| 4 Bedrooms | 26 | 31 | +19.2% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Fork 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 20%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fork, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Fork in March 2024, up by 62.5% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for Fork, VA
How long does it take to sell a home in Fork, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 47 Days | 42 Days | -10.2% |
Summary: Homes in Fork had an average of 42 days on market in Mar 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fork are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Fork; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
