Is Spotsylvania County, 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 County has remained a Seller's Market.
Housing Prices in Spotsylvania County, VA
How much do homes in Spotsylvania County, VA cost?
Median Sold Price
$439,681
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Spotsylvania County was $439,681 in June 2024, up 4.7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $250K | +11.1% |
2 Bedrooms | $325K | $316K | -2.8% |
3 Bedrooms | $362.5K | $385K | +6.2% |
4 Bedrooms | $475K | $492.2K | +3.6% |
5+ Bedrooms | $582K | $588K | +1.0% |
Summary: Spotsylvania County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Counties
Louisa County | $370.3K | $399.9K | +8.0% |
Culpeper County | $440K | $465K | +5.7% |
Spotsylvania County | $419.9K | $439.6K | +4.7% |
Orange County | $385.2K | $399.9K | +3.8% |
Stafford County | $495K | $509.7K | +3.0% |
Housing Supply in Spotsylvania County, VA
How many homes are available in Spotsylvania County, VA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
785 | 809 | +3.1% |
Summary: The Spotsylvania County real estate market had 809 homes for sale in June 2024, a 3.1% 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 | 40 | 34 | -15.0% |
3 Bedrooms | 276 | 262 | -5.1% |
4 Bedrooms | 302 | 336 | +11.3% |
5+ Bedrooms | 167 | 177 | +6.0% |
Summary: The Spotsylvania County 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 15%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
245 | 229 | -6.5% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
80 Homes Were Sold
At Asking
105 Homes Were Sold
Over Asking
Summary: A total of 229 homes were sold or pending in Spotsylvania County in June 2024, down by 6.5% month-over-month. Of the 229 sold homes, 19% were sold under asking, 35% were sold at asking, and 46% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
20 Days | 23 Days | +13.5% |
Summary: Homes in Spotsylvania County had an average of 23 days on market in Jun 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
176 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During June 2024, 229 homes were sold in Spotsylvania County; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.