Is Spotsylvania 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, 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
$435,135
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Spotsylvania County was $435,135 in May 2024, up 4.7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $308.1K | $225K | -27.0% |
2 Bedrooms | $308.5K | $325K | +5.3% |
3 Bedrooms | $355K | $385K | +8.5% |
4 Bedrooms | $475K | $490K | +3.2% |
5+ Bedrooms | $575K | $580.4K | +0.9% |
Summary: Spotsylvania County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Counties
Louisa County | $352.5K | $399.9K | +13.5% |
Culpeper County | $435K | $459.3K | +5.6% |
Spotsylvania County | $415.5K | $435.1K | +4.7% |
Orange County | $385K | $399.9K | +3.9% |
Stafford County | $492K | $509.9K | +3.6% |
Housing Supply in Spotsylvania County, VA
How many homes are available in Spotsylvania County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
746 | 746 | 0.0% |
Summary: The Spotsylvania County real estate market had 746 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 41 | 38 | -7.3% |
3 Bedrooms | 267 | 255 | -4.5% |
4 Bedrooms | 291 | 286 | -1.7% |
5+ Bedrooms | 146 | 166 | +13.7% |
Summary: The Spotsylvania 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 decreased by 7.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 13.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
227 | 193 | -15.0% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
95 Homes Were Sold
Over Asking
Summary: A total of 193 homes were sold or pending in Spotsylvania County in May 2024, down by 15.0% month-over-month. Of the 193 sold homes, 25% were sold under asking, 25% were sold at asking, and 49% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 29 Days | +85.3% |
Summary: Homes in Spotsylvania County had an average of 29 days on market in May 2024, up by 85.3% compared to last year.
Breakdown of Home Sale Times
143 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 193 homes were sold in Spotsylvania County; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.