$50,000
0.17 Acres
Land
Amanda Slate, Listing Office: Keller Williams Realty
Is Fork, 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, Fork has remained a Seller's Market.
Key Takeaway
Fork is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fork, VA
How much do homes in Fork, VA cost?
Median Sold Price
$410,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$50,000(+13.9%)
Key Takeaway
Homes in Fork have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Fork was $410,000 in August 2024, up 13.9% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $554K | N/A |
| 2 Bedrooms | $255K | $246.9K | -3.2% |
| 3 Bedrooms | $360K | $375K | +4.2% |
| 4 Bedrooms | $406.5K | $439.2K | +8.0% |
| 5+ Bedrooms | $963.5K | $489.9K | -49.2% |
Summary: Fork housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 49.2%.
Median Sold Price Compared To Nearby Cities
| Fork | $360K | $410K | +13.9% |
| Front Royal | $335K | $375K | +11.9% |
| North River | $334.9K | $370.2K | +10.6% |
| South River | $345K | $362.5K | +5.1% |
Housing Supply in Fork, VA
How many homes are available in Fork, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 47 | 45 | -4.3% |
Summary: The Fork real estate market had 45 homes for sale in August 2024, a 4.3% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 29 | 26 | -10.3% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Fork 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 remained the same, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fork, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Fork in August 2024, down by 38.5% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 24 Days | 27 Days | +10.6% |
Summary: Homes in Fork had an average of 27 days on market in Aug 2024, up by 10.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fork are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 8 homes were sold in Fork; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
