Is Strasburg, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Strasburg has remained a Seller's Market.
Housing Prices in Strasburg, VA
How much do homes in Strasburg, VA cost?
Median Sold Price
$309,500
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Strasburg was $309,500 in March 2024, up 8.4% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $129.9K | N/A |
2 Bedrooms | $217K | $228K | +5.1% |
3 Bedrooms | $295K | $309.5K | +4.9% |
4 Bedrooms | $289K | $365K | +26.3% |
5+ Bedrooms | $450K | $562.5K | +25.0% |
Summary: Strasburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
Strasburg | $285.5K | $309.5K | +8.4% |
North River | $355K | $327.5K | -7.7% |
Housing Supply in Strasburg, VA
How many homes are available in Strasburg, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
72 | 78 | +8.3% |
Summary: The Strasburg real estate market had 78 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 38 | 40 | +5.3% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Strasburg 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 9.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Strasburg in March 2024, up by 23.1% month-over-month. Of the 16 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% were sold over asking.
Days on Market for Strasburg, VA
How long does it take to sell a home in Strasburg, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 21 Days | -16.1% |
Summary: Homes in Strasburg had an average of 21 days on market in Mar 2024, down by 16.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Strasburg; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.