Is Spotsylvania, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Spotsylvania has remained a Seller's Market.
Housing Prices in Spotsylvania, VA
How much do homes in Spotsylvania, VA cost?
Median Sold Price
$468,428
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Spotsylvania was $468,428 in June 2024, up 7.9% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $250K | +19.0% |
2 Bedrooms | $338.5K | $282.5K | -16.5% |
3 Bedrooms | $365K | $389.9K | +6.8% |
4 Bedrooms | $510K | $530K | +3.9% |
5+ Bedrooms | $680.3K | $745K | +9.5% |
Summary: Spotsylvania housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes decreased by 16.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
Salem | $315K | $364.9K | +15.9% |
Livingston | $475K | $550K | +15.8% |
Spotsylvania | $434.1K | $468.4K | +7.9% |
Berkeley | $417K | $425K | +1.9% |
Chancellor | $445K | $442.5K | -0.6% |
Housing Supply in Spotsylvania, VA
How many homes are available in Spotsylvania, VA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
284 | 292 | +2.8% |
Summary: The Spotsylvania real estate market had 292 homes for sale in June 2024, a 2.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 80 | 85 | +6.3% |
4 Bedrooms | 128 | 125 | -2.3% |
5+ Bedrooms | 67 | 75 | +11.9% |
Summary: The Spotsylvania housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 11.9%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
72 | 85 | +18.1% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Spotsylvania in June 2024, up by 18.1% month-over-month. Of the 85 sold homes, 27% were sold under asking, 34% were sold at asking, and 39% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
17 Days | 30 Days | +72.1% |
Summary: Homes in Spotsylvania had an average of 30 days on market in Jun 2024, up by 72.1% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During June 2024, 85 homes were sold in Spotsylvania; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.