Is Purcellville, 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, Purcellville has remained a Seller's Market.
Key Takeaway
Purcellville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Purcellville, VA
How much do homes in Purcellville, VA cost?
Median Sold Price
$771,450
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Purcellville have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Purcellville was $771,450 in March 2024, up 8.7% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $452.5K | $542K | +19.8% |
| 3 Bedrooms | $547.5K | $606K | +10.7% |
| 4 Bedrooms | $733.7K | $785K | +7.0% |
| 5+ Bedrooms | $765K | $900K | +17.6% |
Summary: Purcellville 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 increased by 19.8%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
| Purcellville | $710K | $771.4K | +8.7% |
| Blue Ridge | $731.2K | $777.2K | +6.3% |
Housing Supply in Purcellville, VA
How many homes are available in Purcellville, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 61 | 64 | +4.9% |
Summary: The Purcellville real estate market had 64 homes for sale in March 2024, a 4.9% 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 | 4 | -20.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 29 | 31 | +6.9% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Purcellville 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 decreased by 20%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Purcellville, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Purcellville in March 2024, up by 50.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Purcellville, VA
How long does it take to sell a home in Purcellville, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 7 Days | -66.8% |
Summary: Homes in Purcellville had an average of 7 days on market in Mar 2024, down by 66.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Purcellville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Purcellville; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
