Is Spotsylvania, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Spotsylvania was a Buyer's Market.
Housing Prices in Spotsylvania, VA
How much do homes in Spotsylvania, VA cost?
Median Sold Price
$475,719
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Spotsylvania was $475,719 in March 2024, up 11.9% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $250K | +19.0% |
2 Bedrooms | $279.9K | $282.5K | +0.9% |
3 Bedrooms | $350K | $385.4K | +10.1% |
4 Bedrooms | $487K | $545.9K | +12.1% |
5+ Bedrooms | $700K | $699.9K | 0% |
Summary: Spotsylvania housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Livingston | $447.4K | $549K | +22.7% |
Salem | $315K | $355K | +12.7% |
Spotsylvania | $425K | $475.7K | +11.9% |
Chancellor | $435K | $443.3K | +1.9% |
Berkeley | $427.2K | $424.4K | -0.7% |
Housing Supply in Spotsylvania, VA
How many homes are available in Spotsylvania, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
239 | 283 | +18.4% |
Summary: The Spotsylvania real estate market had 283 homes for sale in March 2024, a 18.4% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 76 | 95 | +25.0% |
4 Bedrooms | 107 | 118 | +10.3% |
5+ Bedrooms | 55 | 68 | +23.6% |
Summary: The Spotsylvania 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 increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 23.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 55 | +96.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Spotsylvania in March 2024, up by 96.4% month-over-month. Of the 55 sold homes, 27% were sold under asking, 35% were sold at asking, and 38% were sold over asking.
Days on Market for Spotsylvania, VA
How long does it take to sell a home in Spotsylvania, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 28 Days | +18.3% |
Summary: Homes in Spotsylvania had an average of 28 days on market in Mar 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 55 homes were sold in Spotsylvania; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.