$6,828 Closing Credit*
$575,000
1,722 SqFt
2 Beds
•3 Full Baths
Jennifer D Young, Listing Office: Keller Williams Chantilly Ventures
Is Front Royal, 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, Front Royal has remained a Seller's Market.
Key Takeaway
Front Royal is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Front Royal, VA
How much do homes in Front Royal, VA cost?
Median Sold Price
$375,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$40,000(+11.9%)
Key Takeaway
Homes in Front Royal have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Front Royal was $375,000 in August 2024, up 11.9% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $182.5K | -8.7% |
| 2 Bedrooms | $236K | $254.5K | +7.8% |
| 3 Bedrooms | $345K | $380.6K | +10.3% |
| 4 Bedrooms | $375K | $420.9K | +12.3% |
| 5+ Bedrooms | $400K | $494.9K | +23.7% |
Summary: Front Royal housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 23.7%.
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% |
| Happy Creek | $365K | $400K | +9.6% |
| Shenandoah | $349.4K | $357.4K | +2.3% |
Housing Supply in Front Royal, VA
How many homes are available in Front Royal, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 193 | 194 | +0.5% |
Summary: The Front Royal real estate market had 194 homes for sale in August 2024, a 0.5% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 24 | 19 | -20.8% |
| 3 Bedrooms | 114 | 108 | -5.3% |
| 4 Bedrooms | 44 | 48 | +9.1% |
| 5+ Bedrooms | 10 | 17 | +70.0% |
Summary: The Front Royal housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20.8%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 70%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 57 | 46 | -19.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Front Royal, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Front Royal in August 2024, down by 19.3% month-over-month. Of the 46 sold homes, 39% were sold under asking, 37% were sold at asking, and 24% were sold over asking.
Days on Market for Front Royal, VA
How long does it take to sell a home in Front Royal, VA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 27 Days | 31 Days | +15.1% |
Summary: Homes in Front Royal had an average of 31 days on market in Aug 2024, up by 15.1% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Front Royal are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 46 homes were sold in Front Royal; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
