Is Clarke County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Clarke County was a Seller's Market.
Key Takeaway
Clarke County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Clarke County, VA
How much do homes in Clarke County, VA cost?
Median Sold Price
$503,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Clarke County have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in Clarke County was $503,000 in April 2024, down 5.1% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $262.5K | +11.7% |
| 2 Bedrooms | $251.9K | $325.5K | +29.2% |
| 3 Bedrooms | $390K | $454.9K | +16.7% |
| 4 Bedrooms | $599.9K | $602.5K | 0.4% |
| 5+ Bedrooms | $674.9K | $671.2K | -0.5% |
Summary: Clarke County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 29.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Counties
| Warren County | $340.6K | $379.9K | +11.5% |
| Frederick County | $377.3K | $400K | +6.0% |
| Loudoun County | $665.7K | $697.7K | +4.8% |
| Jefferson County | $355K | $370K | +4.2% |
| Clarke County | $529.9K | $503K | -5.1% |
Housing Supply in Clarke County, VA
How many homes are available in Clarke County, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 61 | +22.0% |
Summary: The Clarke County real estate market had 61 homes for sale in April 2024, a 22.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 27 | 27 | 0.0% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Clarke County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 10 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clarke County, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Clarke County in April 2024, down by 37.5% month-over-month. Of the 10 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Clarke County, VA
How long does it take to sell a home in Clarke County, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 19 Days | -40.8% |
Summary: Homes in Clarke County had an average of 19 days on market in Apr 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clarke County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Clarke County; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
