Is Castlewood, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Castlewood has remained a Seller's Market.
Key Takeaway
Castlewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Castlewood, VA
How much do homes in Castlewood, VA cost?
Median Sold Price
$144,900
$73/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Castlewood have sold for 11.1% less than they did a year ago.
Summary: The median home sold price in Castlewood was $144,900 in May 2024, down 11.1% from last year, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $69K | $149.4K | +116.6% |
| 3 Bedrooms | $148.1K | $114.5K | -22.7% |
| 4 Bedrooms | $222K | $188.2K | -15.2% |
| 5+ Bedrooms | $287.4K | $135K | -53.0% |
Summary: Castlewood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 116.6%, 3 bedroom homes decreased by 22.7%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes decreased by 53%.
Median Sold Price Compared To Nearby Cities
| Castlewood | $163K | $144.9K | -11.1% |
| Saint Paul | $187K | $145K | -22.5% |
Housing Supply in Castlewood, VA
How many homes are available in Castlewood, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Summary: The Castlewood real estate market had 14 homes for sale in May 2024, a 75.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 10 | +100.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Castlewood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Castlewood, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Castlewood in May 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Castlewood, VA
How long does it take to sell a home in Castlewood, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 143 Days | 61 Days | -56.9% |
Summary: Homes in Castlewood had an average of 61 days on market in May 2024, down by 56.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Castlewood has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Castlewood; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
