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 September 2023

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.

Housing Prices in Spotsylvania County, VA

How much do homes in Spotsylvania County, VA cost?

Median Sold Price

$447,848

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$22,848(+5.4%)

Key Takeaway

Homes in Spotsylvania County have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Spotsylvania County was $447,848 in September 2024, up 5.4% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $225K$250K
+11.1%
2 $287K$325K
+13.2%
3 $370K$390.5K
+5.6%
4 $479.2K$500K
+4.3%
5+ $585K$593.1K
+1.4%

Summary: Spotsylvania County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 1.4%.

Median Sold Price Compared To Nearby Counties

Culpeper County
+8.0%
Spotsylvania County
+5.4%
Louisa County
+4.1%
Stafford County
+3.6%
Orange County
+1.4%

Housing Supply in Spotsylvania County, VA

How many homes are available in Spotsylvania County, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
748741-0.9%

Summary: The Spotsylvania County real estate market had 741 homes for sale in September 2024, a 0.9% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 12
+100.0%
2 3636
0.0%
3 251252
0.4%
4 338320
-5.3%
5+ 122131
+7.4%

Summary: The Spotsylvania County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 7.4%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
236213-9.7%

Asking Price vs. Sold Price

62 Homes Were Sold
Under Asking

82 Homes Were Sold
At Asking

68 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. 38.7% of homes here sold near the asking price last month.

Summary: A total of 213 homes were sold or pending in Spotsylvania County in September 2024, down by 9.7% month-over-month. Of the 212 sold homes, 29% were sold under asking, 39% were sold at asking, and 32% 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

Sep 2023Sep 2024CHANGE
21 Days31 Days+45.9%

Summary: Homes in Spotsylvania County had an average of 31 days on market in Sep 2024, up by 45.9% compared to last year.

Breakdown of Home Sale Times

140 Homes Were Sold
Under 30 Days

59 Homes Were Sold
In 30 - 90 Days

14 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 September 2024, 213 homes were sold in Spotsylvania County; 66% of homes were sold within 30 days, 28% 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 30 Days Ago

Newest Listings in Spotsylvania County, VA

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