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 March 2023

At the same time last year, Spotsylvania County was a Neutral Market.

Key Takeaway

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

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

+$29,301(+7.2%)

Key Takeaway

Homes in Spotsylvania County have sold for 7.2% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $308.1K$225K
-27.0%
2 $281.2K$325K
+15.6%
3 $350K$379.3K
+8.4%
4 $468.4K$488.3K
+4.2%
5+ $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
+11.1%
Orange County
+9.8%
Culpeper County
+8.4%
Spotsylvania County
+7.2%
Stafford County
+2.0%

Housing Supply in Spotsylvania County, VA

How many homes are available in Spotsylvania County, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
767823+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

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 4239
-7.1%
3 247279
+13.0%
4 310325
+4.8%
5+ 167179
+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 2024Mar 2024CHANGE
139184+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spotsylvania County, you could pay more than the asking price. 40.2% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
22 Days26 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 24 Days Ago

Newest Listings in Spotsylvania County, VA

Nearby Markets to Spotsylvania County, VA

What housing markets are near Spotsylvania County, VA?