Is Luray, 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, Luray has remained a Seller's Market.
Housing Prices in Luray, VA
How much do homes in Luray, VA cost?
Median Sold Price
$265,270
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Luray was $265,270 in April 2024, down 1.8% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $289.9K | N/A |
2 Bedrooms | $186.5K | $220K | +18.0% |
3 Bedrooms | $255K | $265.2K | +4.0% |
4 Bedrooms | $292.2K | $368.5K | +26.1% |
5+ Bedrooms | $435K | $679.9K | +56.3% |
Summary: Luray housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 56.3%.
Housing Supply in Luray, VA
How many homes are available in Luray, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 77 | +20.3% |
Summary: The Luray real estate market had 77 homes for sale in April 2024, a 20.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 42 | 51 | +21.4% |
4 Bedrooms | 11 | 15 | +36.4% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Luray housing inventory by bedroom type for April 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 21.4%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 21 | +110.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Luray in April 2024, up by 110.0% month-over-month. Of the 21 sold homes, 48% were sold under asking, 19% were sold at asking, and 33% were sold over asking.
Days on Market for Luray, VA
How long does it take to sell a home in Luray, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
138 Days | 35 Days | -74.2% |
Summary: Homes in Luray had an average of 35 days on market in Apr 2024, down by 74.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Luray; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.