Is Lovettsville, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lovettsville is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Lovettsville has remained a Buyer's Market.

Key Takeaway

Lovettsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lovettsville, VA

How much do homes in Lovettsville, VA cost?

Median Sold Price

$730,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$127,500(+21.2%)

Key Takeaway

Homes in Lovettsville have sold for 21.2% more than they did a year ago.

Summary: The median home sold price in Lovettsville was $730,000 in February 2024, up 21.2% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 -$451.2K
N/A
3 $464K$690K
+48.7%
4 $610K$750K
+23.0%
5+ $725K$782.5K
+7.9%

Summary: Lovettsville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 48.7%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Cities

Lovettsville
+21.2%
Catoctin
+3.3%

Housing Supply in Lovettsville, VA

How many homes are available in Lovettsville, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4045+12.5%

Summary: The Lovettsville real estate market had 45 homes for sale in February 2024, a 12.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 01
+100.0%
3 79
+28.6%
4 2021
+5.0%
5+ 1213
+8.3%

Summary: The Lovettsville housing inventory by bedroom type for February 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 28.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
16+500.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lovettsville, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Lovettsville in February 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Lovettsville, VA

How long does it take to sell a home in Lovettsville, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
41 Days8 Days-78.5%

Summary: Homes in Lovettsville had an average of 8 days on market in Feb 2024, down by 78.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lovettsville are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 6 homes were sold in Lovettsville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Lovettsville, VA

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