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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spotsylvania County is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Spotsylvania County has remained a Seller's Market.

Key Takeaway

Spotsylvania County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Spotsylvania County, VA cost?

Median Sold Price

$399,916

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$41,484(+11.6%)

Key Takeaway

Homes in Spotsylvania County have sold for 11.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $140K$214.9K
+53.5%
2 $235K$280K
+19.1%
3 $313K$345K
+10.2%
4 $405K$455.3K
+12.4%
5+ $504.8K$553.6K
+9.7%

Median Sold Price Compared To Nearby Counties

Louisa County
+16.2%
Spotsylvania County
+11.6%
Stafford County
+7.1%
Orange County
+5.2%
Culpeper County
+2.5%

How many homes are available in Spotsylvania County, VA?

Number of Homes For Sale

Oct 2022Nov 2022%
696611-12.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 01
+100.0%
2 3924
-38.5%
3 258206
-20.2%
4 266255
-4.1%
5+ 133125
-6.0%

Number of Homes Sold

Oct 2022Nov 2022%
230172-25.2%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

71 Homes Were Sold
At Asking

45 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spotsylvania County, expect to pay close to the asking price. 41.3% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Nov 2022%
19 Days19 Days-0.6%

Breakdown of Home Sale Times

139 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Spotsylvania County 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 County, VA

Spotsylvania County, VA has 611 homes on the market. In November 2022 in Spotsylvania County, VA there were 12.2% less homes for sale than in October 2022. In November 2022 median list price was $399,916 and the average listing age was 19 days. Listing prices have changed in this real estate market between October 2022 and November 2022: the cost of 1 bedroom properties went up by 53.5%, 2 bedrooms properties became 19.1% more expensive, prices of 3 bedrooms properties went up by 10.2%, prices of 4 bedrooms properties increased by 12.4%, 5 bedrooms properties became 9.7% more expensive. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went up by 100%, 2 bedrooms homes inventory decreased by 38.5%, 3 bedrooms homes inventory decreased by 20.2%, 4 bedrooms homes inventory decreased by 4.1%, volume of 5 bedrooms homes went down by 6%. While more than 45 listings in Spotsylvania County, VA in November 2022 were sold above asking price, there were more than 71 listings sold at asking price, and more than 56 were sold below.

Related Housing Market Reports