Is Rappahannock 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, Rappahannock County was a Neutral Market.
Key Takeaway
Rappahannock County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rappahannock County, VA
How much do homes in Rappahannock County, VA cost?
Median Sold Price
$515,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rappahannock County have sold for 25.9% less than they did a year ago.
Summary: The median home sold price in Rappahannock County was $515,000 in April 2024, down 25.9% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $302.5K | N/A |
| 2 Bedrooms | $214K | $800K | +273.8% |
| 3 Bedrooms | $675.5K | $496K | -26.6% |
| 4 Bedrooms | $684.2K | $1.3M | +99.1% |
| 5+ Bedrooms | $797.5K | $1.1M | +45.5% |
Summary: Rappahannock County 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 273.8%, 3 bedroom homes decreased by 26.6%, 4 bedroom homes increased by 99.1%, and 5+ bedroom homes increased by 45.5%.
Median Sold Price Compared To Nearby Counties
| Fauquier County | $501.5K | $589.3K | +17.5% |
| Warren County | $340.6K | $379.9K | +11.5% |
| Culpeper County | $423.3K | $450.1K | +6.3% |
| Page County | $280K | $267.3K | -4.5% |
| Rappahannock County | $695K | $515K | -25.9% |
Housing Supply in Rappahannock County, VA
How many homes are available in Rappahannock County, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 26 | -13.3% |
Summary: The Rappahannock County real estate market had 26 homes for sale in April 2024, a 13.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 16 | 10 | -37.5% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Rappahannock County 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 decreased by 37.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rappahannock County, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Rappahannock County in April 2024, down by 66.7% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Rappahannock County, VA
How long does it take to sell a home in Rappahannock County, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 90 Days | +350.0% |
Summary: Homes in Rappahannock County had an average of 90 days on market in Apr 2024, up by 350% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Rappahannock County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 3 homes were sold in Rappahannock County; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.