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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sperryville is a neutral's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Sperryville was a Seller's Market.

Key Takeaway

Sperryville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sperryville, VA

How much do homes in Sperryville, VA cost?

Median Sold Price

$487,500

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$193,750(-28.4%)

Key Takeaway

Homes in Sperryville have sold for 28.4% less than they did a year ago.

Summary: The median home sold price in Sperryville was $487,500 in June 2024, down 28.4% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$255K
N/A
2 $243K$450K
+85.2%
3 $500K$467.5K
-6.5%
4 $1.0M$3.5M
+233.3%
5+ $1.1M$1.1M
+2.0%

Summary: Sperryville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 85.2%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 233.3%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Cities

Sperryville
-28.4%
Piedmont
-43.6%

Housing Supply in Sperryville, VA

How many homes are available in Sperryville, VA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1213+8.3%

Summary: The Sperryville real estate market had 13 homes for sale in June 2024, a 8.3% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 10
-100.0%
2 21
-50.0%
3 33
0.0%
4 23
+50.0%
5+ 46
+50.0%

Summary: The Sperryville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

May 2024Jun 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sperryville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sperryville in June 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sperryville, VA

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

Average Sale Time

Jun 2023Jun 2024CHANGE
3 Days253 Days+8333.3%

Summary: Homes in Sperryville had an average of 253 days on market in Jun 2024, up by 8333.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Sperryville are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During June 2024, 2 homes were sold in Sperryville; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 21 Days Ago

Newest Listings in Sperryville, VA

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