Is Spotsylvania County, 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 County has remained a Seller's Market.
Housing Prices in Spotsylvania County, VA
How much do homes in Spotsylvania County, VA cost?
Median Sold Price
$435,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spotsylvania County was $435,000 in April 2024, up 7.2% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $308.1K | $225K | -27.0% |
2 Bedrooms | $286.2K | $325K | +13.5% |
3 Bedrooms | $355K | $380K | +7.0% |
4 Bedrooms | $470K | $489.9K | +4.3% |
5+ Bedrooms | $585K | $579.9K | -0.9% |
Summary: Spotsylvania County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Counties
Louisa County | $349.9K | $399.9K | +14.3% |
Spotsylvania County | $405.6K | $435K | +7.2% |
Orange County | $374K | $399.9K | +6.9% |
Culpeper County | $423.3K | $450.1K | +6.3% |
Stafford County | $489.9K | $504K | +2.9% |
Housing Supply in Spotsylvania County, VA
How many homes are available in Spotsylvania County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
671 | 697 | +3.9% |
Summary: The Spotsylvania County real estate market had 697 homes for sale in April 2024, a 3.9% increase 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 | 40 | 37 | -7.5% |
3 Bedrooms | 244 | 246 | +0.8% |
4 Bedrooms | 260 | 270 | +3.8% |
5+ Bedrooms | 126 | 143 | +13.5% |
Summary: The Spotsylvania 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 decreased by 7.5%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 13.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
199 | 210 | +5.5% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
56 Homes Were Sold
At Asking
93 Homes Were Sold
Over Asking
Summary: A total of 210 homes were sold or pending in Spotsylvania County in April 2024, up by 5.5% month-over-month. Of the 209 sold homes, 29% were sold under asking, 27% were sold at asking, and 44% were sold over asking.
Days on Market for Spotsylvania County, VA
How long does it take to sell a home in Spotsylvania County, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 28 Days | +30.5% |
Summary: Homes in Spotsylvania County had an average of 28 days on market in Apr 2024, up by 30.5% compared to last year.
Breakdown of Home Sale Times
153 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 210 homes were sold in Spotsylvania County; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.