Is Culpeper, 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, Culpeper has remained a Seller's Market.
Housing Prices in Culpeper, VA
How much do homes in Culpeper, VA cost?
Median Sold Price
$439,166
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Culpeper was $439,166 in May 2024, up 9.8% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $253K | -15.7% |
2 Bedrooms | $275K | $272K | -1.1% |
3 Bedrooms | $350K | $380K | +8.6% |
4 Bedrooms | $450K | $492.9K | +9.6% |
5+ Bedrooms | $535K | $500K | -6.5% |
Summary: Culpeper housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.7%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
East Fairfax | $343.5K | $415K | +20.8% |
Salem | $294.7K | $325.6K | +10.5% |
Culpeper | $400K | $439.1K | +9.8% |
Cedar Mountain | $449K | $491.2K | +9.4% |
West Fairfax | $390.5K | $410K | +5.0% |
Housing Supply in Culpeper, VA
How many homes are available in Culpeper, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
162 | 182 | +12.3% |
Summary: The Culpeper real estate market had 182 homes for sale in May 2024, a 12.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 16 | 10 | -37.5% |
3 Bedrooms | 56 | 66 | +17.9% |
4 Bedrooms | 64 | 74 | +15.6% |
5+ Bedrooms | 24 | 30 | +25.0% |
Summary: The Culpeper 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 37.5%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 45 | +4.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Culpeper in May 2024, up by 4.7% month-over-month. Of the 45 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for Culpeper, VA
How long does it take to sell a home in Culpeper, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 15 Days | +18.0% |
Summary: Homes in Culpeper had an average of 15 days on market in May 2024, up by 18% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 45 homes were sold in Culpeper; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.