Is Caroline County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Caroline County has remained a Seller's Market.
Housing Prices in Caroline County, VA
How much do homes in Caroline County, VA cost?
Median Sold Price
$338,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Caroline County was $338,000 in May 2024, up 3.8% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | - | N/A |
2 Bedrooms | $225.2K | $245K | +8.8% |
3 Bedrooms | $299.9K | $315K | +5.0% |
4 Bedrooms | $374K | $385K | +2.9% |
5+ Bedrooms | $456K | $417.4K | -8.5% |
Summary: Caroline County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Counties
King and Queen County | $252K | $288K | +14.3% |
Essex County | $255K | $289K | +13.3% |
King William County | $320K | $334.4K | +4.5% |
Caroline County | $325.6K | $338K | +3.8% |
King George County | $425K | $439.9K | +3.5% |
Housing Supply in Caroline County, VA
How many homes are available in Caroline County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
180 | 196 | +8.9% |
Summary: The Caroline County real estate market had 196 homes for sale in May 2024, a 8.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 109 | 122 | +11.9% |
4 Bedrooms | 47 | 50 | +6.4% |
5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Caroline County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 39 | -7.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Caroline County in May 2024, down by 7.1% month-over-month. Of the 39 sold homes, 36% were sold under asking, 18% were sold at asking, and 46% were sold over asking.
Days on Market for Caroline County, VA
How long does it take to sell a home in Caroline County, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 31 Days | -31.3% |
Summary: Homes in Caroline County had an average of 31 days on market in May 2024, down by 31.3% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 39 homes were sold in Caroline County; 72% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.