$2,699,000
864 SqFt
2 Beds
•2 Full Baths
Joshua Jenkins, Listing Office: Samson Properties
Is Lovettsville, 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, Lovettsville has remained a Seller's Market.
Key Takeaway
Lovettsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lovettsville, VA
How much do homes in Lovettsville, VA cost?
Median Sold Price
$782,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$92,000(+13.3%)
Key Takeaway
Homes in Lovettsville have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Lovettsville was $782,000 in August 2024, up 13.3% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $452.5K | $470K | +3.9% |
| 3 Bedrooms | $634.5K | $674.9K | +6.4% |
| 4 Bedrooms | $683.5K | $795K | +16.3% |
| 5+ Bedrooms | $788.7K | $900K | +14.1% |
Summary: Lovettsville 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 increased by 3.9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Cities
| Lovettsville | $690K | $782K | +13.3% |
| Catoctin | $789K | $827.6K | +4.9% |
Housing Supply in Lovettsville, VA
How many homes are available in Lovettsville, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 31 | 33 | +6.5% |
Summary: The Lovettsville real estate market had 33 homes for sale in August 2024, a 6.5% increase 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lovettsville 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 decreased by 100%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lovettsville, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Lovettsville in August 2024, down by 20.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 50% were sold at asking, and 38% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 14 Days | 32 Days | +132.3% |
Summary: Homes in Lovettsville had an average of 32 days on market in Aug 2024, up by 132.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lovettsville are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 8 homes were sold in Lovettsville; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
