Is Front Royal, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Front Royal has remained a Seller's Market.
Housing Prices in Front Royal, VA
How much do homes in Front Royal, VA cost?
Median Sold Price
$369,600
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Front Royal was $369,600 in April 2024, up 17.3% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $62K | $182.5K | +194.4% |
2 Bedrooms | $249.9K | $249.8K | 0% |
3 Bedrooms | $320K | $371.5K | +16.1% |
4 Bedrooms | $353.4K | $424.2K | +20.0% |
5+ Bedrooms | $388.6K | $468K | +20.4% |
Summary: Front Royal housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 194.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 20.4%.
Median Sold Price Compared To Nearby Cities
Happy Creek | $337.2K | $400K | +18.6% |
Front Royal | $315K | $369.6K | +17.3% |
Fork | $356K | $390K | +9.6% |
Shenandoah | $349.9K | $350K | 0.0% |
North River | $350K | $334.9K | -4.3% |
Housing Supply in Front Royal, VA
How many homes are available in Front Royal, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
137 | 156 | +13.9% |
Summary: The Front Royal real estate market had 156 homes for sale in April 2024, a 13.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 14 | 21 | +50.0% |
3 Bedrooms | 78 | 86 | +10.3% |
4 Bedrooms | 39 | 39 | 0.0% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Front Royal housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 10.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 33 | -10.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Front Royal in April 2024, down by 10.8% month-over-month. Of the 33 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Front Royal, VA
How long does it take to sell a home in Front Royal, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 16 Days | -35.1% |
Summary: Homes in Front Royal had an average of 16 days on market in Apr 2024, down by 35.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in Front Royal; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.