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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spotsylvania is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Spotsylvania has remained a Buyer's Market.

Key Takeaway

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

How much do homes in Spotsylvania, VA cost?

Median Sold Price

$513,000

$184/sqft

Based on all homes sold in April 2022.

Difference Since Last Month

+$147,000(+40.2%)

Key Takeaway

Homes in Spotsylvania have sold for 40.2% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2022Apr 2022%
1 --
N/A
2 -$260K
N/A
3 $250K$255K
+2.0%
4 $387.5K$595K
+53.5%
5+ -$661K
N/A

Median Sold Price Compared To Nearby Cities

Livingston
+84.4%
Spotsylvania
+40.2%

How many homes are available in Spotsylvania, VA?

Number of Homes For Sale

Mar 2022Apr 2022%
61126+106.6%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 31
-66.7%
3 1540
+166.7%
4 2946
+58.6%
5+ 1439
+178.6%

Number of Homes Sold

Mar 2022Apr 2022%
711+57.1%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spotsylvania, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Average Sale Time

Mar 2022Apr 2022%
19 Days18 Days-5.9%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Spotsylvania, VA

Homes for sale in Spotsylvania, VA have reached 126. The number of homes for sale in Spotsylvania, VA increased by 106.6% between March 2022 and April 2022. In April 2022, listings were on the market for 18 days. During the same period, the median list price in this real estate market was $513,000. Real estate listing prices changed between April 2021 and April 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 0%, 3 bedrooms properties prices increased by 2%, prices of 4 bedrooms properties increased by 53.5%, prices of 5 bedrooms properties increased by 0%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, 2 bedrooms homes became 66.7% less available, volume of 3 bedrooms homes went up by 166.7%, the quantity of 4 bedrooms homes went up by 58.6%, the quantity of 5 bedrooms homes went up by 178.6%. While more than 7 listings in Spotsylvania, VA in April 2022 were sold above asking price, there were more than 4 listings sold at asking price, and more than 0 were sold below.

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