Is Catalpa, 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, Catalpa has remained a Seller's Market.
Housing Prices in Catalpa, VA
How much do homes in Catalpa, VA cost?
Median Sold Price
$485,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Catalpa was $485,000 in May 2024, up 4% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $330K | +10.0% |
2 Bedrooms | $275K | $299.9K | +9.1% |
3 Bedrooms | $427.5K | $409.9K | -4.1% |
4 Bedrooms | $532.5K | $540K | +1.4% |
5+ Bedrooms | $705K | $653.5K | -7.3% |
Summary: Catalpa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
Catalpa | $466.5K | $485K | +4.0% |
Jefferson | $590K | $587K | -0.5% |
Rixeyville | $575K | $469.9K | -18.3% |
Housing Supply in Catalpa, VA
How many homes are available in Catalpa, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 31 | +40.9% |
Summary: The Catalpa real estate market had 31 homes for sale in May 2024, a 40.9% 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 | 2 | -33.3% |
3 Bedrooms | 6 | 16 | +166.7% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Catalpa 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 decreased by 33.3%, 3 bedroom homes increased by 166.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Catalpa in May 2024, up by 150.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for Catalpa, VA
How long does it take to sell a home in Catalpa, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
4 Days | 21 Days | +329.8% |
Summary: Homes in Catalpa had an average of 21 days on market in May 2024, up by 329.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Catalpa; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.