Is Spotsylvania County, 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 County was a Neutral Market.
Housing Prices in Spotsylvania County, VA
How much do homes in Spotsylvania County, VA cost?
Median Sold Price
$434,301
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Spotsylvania County was $434,301 in March 2024, up 7.2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $308.1K | $225K | -27.0% |
2 Bedrooms | $281.2K | $325K | +15.6% |
3 Bedrooms | $350K | $379.3K | +8.4% |
4 Bedrooms | $468.4K | $488.3K | +4.2% |
5+ Bedrooms | $577.2K | $579.9K | 0.5% |
Summary: Spotsylvania County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Counties
Louisa County | $351.2K | $390.2K | +11.1% |
Orange County | $364K | $399.7K | +9.8% |
Culpeper County | $416K | $450.8K | +8.4% |
Spotsylvania County | $405K | $434.3K | +7.2% |
Stafford County | $490.2K | $500K | +2.0% |
Housing Supply in Spotsylvania County, VA
How many homes are available in Spotsylvania County, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
767 | 823 | +7.3% |
Summary: The Spotsylvania County real estate market had 823 homes for sale in March 2024, a 7.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 42 | 39 | -7.1% |
3 Bedrooms | 247 | 279 | +13.0% |
4 Bedrooms | 310 | 325 | +4.8% |
5+ Bedrooms | 167 | 179 | +7.2% |
Summary: The Spotsylvania County 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 7.1%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 7.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
139 | 184 | +32.4% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
54 Homes Were Sold
At Asking
74 Homes Were Sold
Over Asking
Summary: A total of 184 homes were sold or pending in Spotsylvania County in March 2024, up by 32.4% month-over-month. Of the 184 sold homes, 30% were sold under asking, 29% were sold at asking, and 40% were sold over asking.
Days on Market for Spotsylvania County, VA
How long does it take to sell a home in Spotsylvania County, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 26 Days | +16.6% |
Summary: Homes in Spotsylvania County had an average of 26 days on market in Mar 2024, up by 16.6% compared to last year.
Breakdown of Home Sale Times
135 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 184 homes were sold in Spotsylvania County; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.