Is Spotsylvania, 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, Spotsylvania has remained a Seller's Market.
Housing Prices in Spotsylvania, VA
How much do homes in Spotsylvania, VA cost?
Median Sold Price
$471,833
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spotsylvania was $471,833 in April 2024, up 11% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $250K | +19.0% |
2 Bedrooms | $327K | $282.5K | -13.6% |
3 Bedrooms | $357.5K | $389.1K | +8.8% |
4 Bedrooms | $475K | $546.9K | +15.1% |
5+ Bedrooms | $705K | $712K | +1.0% |
Summary: Spotsylvania housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
Livingston | $463.6K | $547.1K | +18.0% |
Salem | $310.9K | $359.8K | +15.7% |
Spotsylvania | $425K | $471.8K | +11.0% |
Berkeley | $417.4K | $425K | +1.8% |
Chancellor | $432.5K | $439.9K | +1.7% |
Housing Supply in Spotsylvania, VA
How many homes are available in Spotsylvania, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
224 | 254 | +13.4% |
Summary: The Spotsylvania real estate market had 254 homes for sale in April 2024, a 13.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 77 | 82 | +6.5% |
4 Bedrooms | 92 | 105 | +14.1% |
5+ Bedrooms | 53 | 63 | +18.9% |
Summary: The Spotsylvania 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 increased by 100%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 18.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 58 | -1.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in Spotsylvania in April 2024, down by 1.7% month-over-month. Of the 58 sold homes, 34% were sold under asking, 31% were sold at asking, and 34% were sold over asking.
Days on Market for Spotsylvania, VA
How long does it take to sell a home in Spotsylvania, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 49 Days | +88.3% |
Summary: Homes in Spotsylvania had an average of 49 days on market in Apr 2024, up by 88.3% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 58 homes were sold in Spotsylvania; 59% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.